I can’t even look at any business publication without hearing about Fannie Mae and Freddie Mac and their shares dropping like a stone. I don’t know how much interest this is to the average person, other than if those two programs go, it’s going to get a lot tougher to buy a house. Which is probably why the government is considering a bailout.

Shares of Fannie Mae and Freddie Mac, the beleaguered mortgage finance companies, plummeted again on Friday morning, as senior Bush administration officials consider a plan to have the government take over one or both of the companies and place them in a conservatorship if their problems worsen, according to people briefed about the plan.

So, loads of taxes going to save these two companies while everyone else is heading to unemployment. At least there’s FHA!