Fannie Mae and Freddie Mac will probably go under. The Fed's just allowed them access to the discount window today, but that is like putting out a forest fire with a squirt gun. 
Golly gee willikers, I guess what I read in the New York Times is true.
Don't confuse private companies like Lehman with federally sponsored US Government corporations. There is an implicit guarantee that the US Gubmint, backed by their printing press, will not let a US Government sponsored corporation go out of business.***
***This applies only to the bond holders of FNMA and FHLMC. Not the common stock holders.
yeah. that's the rub with fannie and freddie.
Well, no -- the rub was stated very clearly by former Treasury Sec. John Snow via Bloomberg today. Fannie and Freddie were run like federally guaranteed hedge funds. Those cronies of Clinton should start getting grilled.
