the collapse of fannie and freddie have had virtually no impact the US economy. Ignore the doom and gloom media. They are wrong as usual, just as they were in 1982, 2002 and 1974. The fall of fannie and freddie is bad for fannie and freddie shareholders and employees, but not for the US economy. The losses are easily absorbed as if nothing happened. We need more speculation and less regulation. Good for economy.