Detailed text transcripts for TV channel - FOXNEWS - 20110226:17:23:00
>> reporter: what's that the end of fannie mae and freddie mac the government created firms whose origins trace back to the depression. what is the world coming to? >> it is possible that entities that emerge from their wreckage will again play an important role in the housing economy. >> reporter: the wreckage is the 150 billion dollar taxpayer bailout known as conservatorship. stable for decades it started in the last decade seeing thane gains gobbled up by wall street banks and hedge fund firms. they joined the bad paper chase. and found their cash reserves weren't deep enough to pail thems...
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