[what's up]

I have been watching this story for 2 weeks because I held options on the stock and to say the least was very concerned; I got out last week at a profit and am sure glad I didn't hold over the weekend.

In this case it's the conservatives who want to put the companies under Fed control temporarily in order to chop them up and then auction them out to private companies; they are way too big now for anyone to buy them as they currently exist. Fannie and Freddy were partially privatized a couple of decades ago but now conservatives want to go all the way.

The liberals (Barney Frank is one who is quite outspoken about it) wants to leave the situation as is but the Gorelick-Raines corruption has convinced conservatives that something must be done in a dramatic fashion since Fannie Mae-Freddie Mac are now holding back real estate recovery.

When I heard that the FDIC chairman under Reagan was advocating that the government move in so that they can ultimately be privatized I felt it was probably going to happen.

[Desdemona]

In this case it's the conservatives who want to put the companies under Fed control temporarily in order to chop them up and then auction them out to private companies; they are way too big now for anyone to buy them as they currently exist. Fannie and Freddy were partially privatized a couple of decades ago but now conservatives want to go all the way.

The liberals (Barney Frank is one who is quite outspoken about it) wants to leave the situation as is but the Gorelick-Raines corruption has convinced conservatives that something must be done in a dramatic fashion since Fannie Mae-Freddie Mac are now holding back real estate recovery.

Thanks. That explains a few things. I was wondering why the fed hadn't dumped Fannie and Freddie long ago.