Up to 3 trillion + loss?

IndyMac just collapsed and the FDIC is estimating the loss at 4 – 8 Billion on the 32 billion bank. Using that as a guide I would conservatively estimate the initial loss from Fannie Mae and Freddy Mac at 1.5 to three trillion; though it’s probably higher because a goodly portion of the 40% market share it captured over the past year is doubtlessly shaky loans other banks were eager to offload.