I can remember people telling me that Fannie Mae and Freddie Mac were in great financial shape. 
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Selected and fresh photos from around the web.
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Editor's pick
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Hot off the wire
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Tibetan spiritual leader the Dalai Lama greets journalists as he arrives to address a press conference in Dharmsala, India, Sunday, Nov. 23, 2008. The Dalai Lama warned Tibetan exile leaders Sunday to be prudent in their plans or risk failure, after they said at a key conference they might push for independence for their homeland if China refuses to grant it autonomy soon.
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Ricky Hatton's mother Carol (L), Jenna Coyne (C), Matthew Hatton's girlfriend, and Jennifer Dooley (R), Ricky's girlfriend, celebrate as Hatton of Britain defeats Paulie Malignaggi of the U.S. during a junior welterweight bout at the MGM Grand Garden Arena in Las Vegas, Nevada November 22, 2008. Matthew Hatton is Ricky's brother.
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MIYAZAKI, JAPAN - NOVEMBER 23: Prayad Marksaeng of Thailand poses with the trophy after winning the Dunlop Phoenix Tournament 2008 at Phoenix Country Club on November 23, 2008 in Miyazaki, Japan.
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Recently starred
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SAN JOSE, CA - OCTOBER 28: Sidney Crosby #87 of the Pittsburgh Penguins skates up to a face off during the NHL game against the San Jose Sharks at HP Pavilion on October 28, 2008 in San Jose, California. The Sharks defeated the Penguins 2-1.
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NEW YORK - OCTOBER 22: The new JetBlue terminal is seen at John F. Kennedy International Airport on its first official day of operation October 22, 2008 the Queens borough of New York City. The $743 million building, known as Terminal 5 (T5), has 26 gates and will handle 500 daily departures and arrivals, close to doubling the airline's capacity at JFK.
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ABUJA, NIGERIA - NOVEMBER 22: Singer Flo Rida arrives for the MTV Africa Music Awards 2008 at the Abuja Velodrome on November 22, 2008 in Abuja, Nigeria.
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Mayor elected of Jerusalem Nir Barkat (C) greets the Western Wall Rabbi Shmuel Rabinovitch (R) during a visit to Judaism holiest site, on November 12, 2008 in Jerusalem's old city. The secular tycoon celebrating his election as Jerusalem mayor today vowed to turn the Holy City into a world metropolis and bolster its disputed status as Israel's "undivided" capital. Nir Barkat won 52 percent of the vote in yesterday's poll, routing an ultra-Orthodox rabbi, a scandal-plagued Russian-Israeli billionaire and a pro-cannabis candidate.
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Quotes about Freddie Mac
I can remember people telling me that Fannie Mae and Freddie Mac were in great financial shape.
was said
in WCNC
Yields on Fannie Mae and Freddie Mac's $1.7 trillion of corporate debt rose to records relative to benchmarks, widening as spreads on competing investments rose and helping drive mortgage-bond spreads to the widest in three weeks. The difference between yields on Washington-based Fannie's two-year debt and similar-maturity Treasuries rose 19.5 basis points to a record 177.
was said
in Safehaven
Quotes from articles mentioning Freddie Mac
Fannie Mae is committed to working with FHFA to implement the streamlined modification program as quickly as possible to help prevent unnecessary foreclosures ... We must and will do more.
said Herb Allison
