Fannie Mae

A fairly interesting Q&A on current events. The commentors are banking/finance professors at the University of Chicago GSB.

http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-...

Let the bail-out begin.

But is it really worth it in the long run for our Big Brother to step in and babysit the mortgage crisis, or are we going to get less than we are bargaining for? I’m somehow reminded of a quote I heard once:

“A babysitter is a teenager acting like an adult while the adults are out acting like teenagers.”

Could there BE a better analogy?

What do you guys think will happen to Freddie Mac & Fannie Mae common stock now that the Gov. has taken over?