Sorry Guys You're On Your Own - Signed Uncle Sam

I think one of the most important topic to discuss related to the Fannie Mae (NYSE: FNM) Freddie Mac (NYSE: FRE) bailout is the openness of the U.S. government to bail anyone else out. I think this was the biggie and I think everyone else in the financial service industry is on their own as far as government bailouts are concerned.

- Lehman (NYSE: LEH) in trouble? Oh well
- Washington Mutual (NYSE: WM) in trouble? Oh well
- Citigroup (NYSE: C) in trouble? Oh well
- AIG (NYSE: AIG) in trouble? Oh well
- So on and so on.

Don't get me wrong. They may try to broker deals between good banks and bad banks. They may try other means to pump up liquidity. But an out and out bailout like Bear Stearns or Fannie/Freddie? I just don't' see it happening. Your thoughts are welcome.

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