I'm all over Fannie and Freddie and have been in and out all week which may have been my biggest week in the stock market, started out with a $1000 hail mary and ended up with healthy chuck of change. If I wasn't married I'd be proposing to Fannie. My original thought was wtf I don't care if I lose it and if Fannie pulls through (which they will) it will be a hellicious chunk of change in 10 years. With good management and a slight uptick in RE values FRE and FNM will be rocking again.

Wamu OTOH, reminds me of Tyco, MCI and CW.