It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Shares in US mortgage firms Freddie Mac and Fannie Mae have fallen by more than 40% in early trading amid concerns for the future of the companies.
Investors are concerned that the government may have to step in to rescue them, a move that would wipe out the value of existing shares.
But the US Treasury said it would back the firms in their "current form".
The companies are behind half of all US mortgages and have been hard hit by the slowdown in the housing market.