According to this article, the Federal National Mortgage Association, nicknamed "Fannie Mae," is in some trouble. But it's their own fault. As Alan Greenspan, former Fed Chairman, and his successor, "Helicopter" Ben Bernanke, the current Fed Chairman, inflated away the dollar by pumping excess liquidity into the market for years and years, Fannie Mae took the bait and got involved in the whole game. Instead of being more prudent, Fannie Mae was just one cog in the whole housing bubble.
What kind of trouble is this quasi-governmental agency in? Well, there may be substantial problems, since the article points out that as of December it had assets of $35.8 billion. Now? $12.2 billion. Ouch.
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