Fannie Mae and Freddie Mac shares down

The way I understand it, the Fannie Mae/Freddie Mac decline would cripple the housing industry if left to flounder on its own. 40% loss in share value in three days – OMG! If banks and credit unions are the only lenders left standing after the air clears – interest rates will be much higher, and only the best applications for credit will be approved, meaning the vast majority of Americans will be unable to finance a home. (Business Week compares Fannie and Freddie to fast food – which is the better buy?)