What are Fannie Mae and Freddie Mac?
	What do they do?
	Why were they created?
	So they are owned by the government?
	What problems do they currently face?
	What happens in a government bailout?
	What has the Federal Reserve done to help Fannie and Freddie?
	Can they fail?
	How do Fannie and Freddie's current problems affect
	What will the housing bill do?

In a bailout scenario, called a conservatorship, Fannie and Freddie's regulator - the Office of Federal Housing Enterprise Oversight - would take control of the companies and oversee their operations. Treasury Secretary Henry Paulson says the government wants to keep the companies operating in their current form without a government takeover.