Fannie Mae, Freddie Mac: The $5 trillion mess - Jul. 11, 2008

Fannie Mae, Freddie Mac: The $5 trillion mess - Jul. 11, 2008: "Fannie Mae and Freddie Mac are struggling with an investor loss of confidence so great that, while they're unlikely to go under, they could conceivably see their ability to function impaired. That would wreak yet more havoc on an already wrecked housing market - making loans tougher to come by and possibly pushing hundreds of billions of dollars in cost onto U.S. taxpayers."