It seems that certain individuals are under the assumption that FRE/FNM are cheap value plays and expect the US Govt to provide a bailout and the "Value" investors will ride the bailout coattails. #1 This will not happen, FRE/FNM stock will be worthless under a government rescue. #2 A rescue will be, liquidation of FRE/FNM as a private entity followed by a gradual selloff of MBS instruments on the open market. A new entity will appear but shareholders will not be entitled to any ownership stake. Sorry folks but you need to take due diligence before you squander your hard earned money on an uneducated and foolish gamble.