My guess is any government "bailout" will come in the form of "bailing out" Freddie and Fannie.
The dreaded private sector will have to sink or swim on thier own merit.
 Quote:
Several analysts asked the executives in the conference call why the company couldn't disclose what proportion of high-risk mortgages it is able to refinance into fixed-rate loans and save from default.
"The problem is that we don't have the underlying information," said Credit Suisse analyst Moshe Orenbuch.
Another analyst said in a report that Fannie's new calculation method is similar to that used by Freddie Mac, its smaller government-sponsored sibling, which also suffered a multibillion-dollar accounting scandal several years ago.
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Traders wary of Fannie Mae's mortgage math - Mortgage mess - MSNBC.com
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FIRE'd since 2005
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