Benjamin Franklin Report: The Sucking Noise Gets Louder

For those financial analysts who are looking at the balance sheets over at the mortgage twins, Fannie Mae and Freddie Mac, are probably worried now that the CEO of Fannie Mae is "preparing for a long winter" and Freddie Mac expects $10-12 billion in mortgage losses over the next quarter. Can the twins survive another bad quarter or two, and could the financial markets withstand their collapse? Ask again in 2010. The news brought down the Dow Jones and the wider markets when announced.