Home loan rates are the highest they've been in five years. Jobs are disappearing, we can expect another couple hundred thousand losses in the months to come. Fannie Mae and Freddie Mac may not remain standing without serious intervention, or infusion of funds. We're already in a crisis, what matters now is not sinking farther. Many blame the Fed for this crisis, and it's hard to disagree. The low interest rates beginning after the dotcom bubble burst, the complicated investments tied to mortgages, the speculative capital, wonton lending. I mean, the Fed really dropped the ball on this one. The gov'ment has hurriedly put together a relief package for Fannie and Freddie, with voting in the Senate to take place this week. This has unnerved investors to be sure, but the gov't has no choice but to intervene. If Fanny and Freddie can remain standing, the federal government may help to see us out of this mess. If not, recession here we come baby.