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For companies with a seemingly straightforward mandate - to expand housing to low income households and to provide stability to the housing market by making a market for mortgages - Fannie Mae and Freddie Mac have gotten themselves into an awful lot of trouble. Here's a rundown of the parties that brought us to this unhappy point.
By Colin Barr and Katie Benner

NEXT: Congress
Last updated July 18 2008: 4:35 PM ET
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The numbers just keep getting scarier. Sun Microsystems is laying off up to 6,000. For Pepsi Bottling it's 3,150. And that Citigroup figure still sends chills down your spine. So how do you hold on to your job when it seems like no one is safe? More
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