Fannie (FNM), Freddie (FRE) could hurt U.S. credit rating

In case you are following me blindly, which I doubt anyone is since there isn't much traffic here, this is just to prove that this is all basically betting.

Articles like these: Fannie,Freddie could hurt U.S. Credit and Fannie, Freddie regulator sees perilous road ahead, still worry me, but if the U.S. has to bail out these GSEs (Government Sponsored Enterprises), which they would since they are "Government Sponsored", then it doesn't really matter where your money is (unless it's in Gold, Silver and commodities), it is going to hurt and hurt bad. My bet is that the home credit crisis has played itself out and these two companies are set to fill in some hug gaps left by some fallen giants.

This quote from the second article:

Their market share of total originations grew to 75.6% in the fourth quarter of 2007 from 37.4% in 2006, OFEHO said.

shows that they are definitely taking up that slack, let's just hope they are checking the credit and the paperwork of those they are giving the loans to. They couldn't be dumb enough to do what got them all into this mess, could they?