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Fannie Mae
Fannie Mae
"There are no current plans to go back to the market for capital because we have all of those other levers that are turned on, producing capital, putting us into an increasingly - into a comfortable position based on where we are in the market right now." -- CEO Daniel H. Mudd, Feb. 27, 2008
Time to Armageddon: Six months

"We will go into the belly of this cycle with about $48 billion in core capital, which is about $17 billion above our statutory capital level." -- CEO Mudd seeking $6 billion in new capital on May 6, 2008
Time to Armageddon: Four months

Regulators seized Fannie and Freddie on Sept. 7, 2008. Now under scrutiny by Department of Justice investigators and the SEC.

NEXT: Lehman Brothers
Last updated January 06 2009: 12:16 PM ET
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Wall Street: It's payback time
Wall Street: It's payback time
An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes. The question for the courts will be, Who was just foolish with our money - and who was lying, cheating, and stealing? More
Three days that shook the world
Three days that shook the world
Exactly three months ago, the collapse of Lehman triggered a global financial panic. Fortune examines what happened in the 72 hours when the world's most powerful bankers met to try to save Lehman and wound up changing the face of Wall Street forever. More
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