Isn't that amazing, first on Thursday Paulson says the 2 companies (FRE &FNM) are adequately funded and now there is word of plans for bailouts for the 2 downtrodden institutions. Hank is absolutely loosing all credibility, to some he never really had any from the start.

This bailout is going to require one prodigious, I mean monstrous, like huge, ginormous helicopter.....do they even possess something on that scale? Good Luck Hank and Benny.

BD1

WASHINGTON (MarketWatch) -- Treasury Secretary Henry Paulson will make a statement on Fannie Mae and Freddie Mac later Friday, the White House said, following media reports that the government has been weighing contingency plans for an emergency bailout of the two mortgage giants. Shares of the two companies plunged in early trades Friday. On Thursday, Paulson said the two companies were adequately capitalized.