Not looking good.. Fannie Mae needs more money from the Ultimate money machine ( US FED). I dont think it will be long before the US goes Bankrupt. The problem in Greece is very small and thats affecting the markets.. California is 4x worse than Greece and thats only 1 of out the 50 states in USA.

Gold Gold Gold..

Fannie Mae Needs $8.4 Billion More in Aid after First-Quarter Loss

Fannie Maewill require an additional $8.4 billion in government aid afterreporting an $11.5 billion net loss for the first quarter, the latestsign that the bailout of the mortgage investor and its main rival,Freddie Mac, is likely to be the most expensive legacy of the U.S.housing market bust.