Fall of Freddie?

Well, by now everyone's heard the headlines of how the government has taken over Freddie Mac and Fannie Mae. I won't even begin to try and figure out what it all means, but for me, the bottom line is that their stock plumented down to a mere .89 cents a share today (at closing on Monday). What a sad, sad day for those who are invested in the company like we are. Steve has been investing the last couple of years and now it's all gone. We're hoping (and praying) that things will get better. Can it get much worse than this?? Who knows. One thing I do know for sure is that my "stay at home" fund is severely depleted.