“A month ago, Fannie Mae had plummeted from $70 a share over the past year to roughly $8 a share. Today, it’s opening at just over $6 a share. Freddie Mac was also down from roughly $60 a share a year ago to about $4.40 last month. Today, it’s opening at $4.16, and it is likely going to go down even more. Thus, the vaunted bailout plans announced by the government have done nothing to slow the overall downward trend. This is significant because everyone (except for those of us who are opposed to the Federal Reserve’s fiat monetary system) seems to be counting on the government bailout to … well … bail ‘em out, and yet it’s not working. The markets, after initially responding positively, have resumed their negative slide.” (08/19/08)