Many major news outlets are openly speculating just where the next land mine will be tripped along the Mortgage Market Maginot Line. Flying like an Elephant above the proceedings
are the very woolly mammoths who trumpet the loudest rescue message. Fannie Mae & Freddie Mac, The GSE's, the party line goes, will save the American Homeowner. There's the awkward matter of instability and poor constitution in the recent past, but let's Move On and not speak of indelicate matters. Elephants don't fly. This week begins with buzz that Fannie & Freddie may be in need of vast assistance. Barron's Online asks "Is Fannie Mae the Next Government Bailout?"
