This is one potential event that is most troubling.
We as taxpayers will be on the hook for this.
Loss of confidence in Fannie Mae, Freddie Mac will have huge implications on the housing market.
Fannie and Freddie shares under siege
Remain under pressure on report U.S. mulls takeover of mortgage firms
By MarketWatch
Last update: 10:50 a.m. EDT July 11, 2008Comments: 254BOSTON (MarketWatch) — Shares of Fannie Mae and Freddie Mac dropped nearly 50% Friday, plunging for the fourth time in five days as investors increasingly believe the mortgage giants that made the American dream of home ownership possible for millions will need to be bailed out by the U.S taxpayer.
