Looks like port1385 wins on his big baller gamble going long friday. Elitetrader winner of the month for his big friday->monday 30+ Gain.
The government would never: - nationalize Fanny and Freddie simply because thats unAmerican and this country is not run by Hugo Chavez OR - let Fanny and Freddie go bankrupt because that will cause drastic economic consequences that will last many years. Thats simple math and I suggest you get some shares while they are trading at these discounted levels.
Don't forget option C.... Fanny and Freddie become a black hole and start sucking more and more of the gov's resources... creating larger and larger deficits until they make the Iraq bill look like a picnic... Don't worry, your grand children will pay for it...