Fannie Mae and Freddie Mac taken over by the US Government

An outline of the FHFA's plan to dig Fannie and Freddie out of debt

Personally, I'm scared out of my skull. I don't like the idea of the government being in charge of the two companies that hold about half of America's mortgages.

I kind of blinked when Bear Sterns was sold off, but now I'm kind of freaking out. I know that accountants and whoever have said that America's not in a recession, but it sure is beginning to look like one.