Many consider mortgage behemoths, Fannie Mae and Freddy Mac, the Ground Zero of the sub-prime crisis. Since July 2007, their combined losses are a scarcely believable $165 billion. Since September 2008, when they were taken over by the US government to stave off the systemic collapse, the terrible twosome gobbled up chump change of $96 billion in federal money and it looks like even that was not enough after the testimony before the US Senate banking committee. They are still bleeding as the recession hit the US hard, rendering many normally credit-worthy citizens unemployed. The companies are also reeling under the weight of nearly 100,000 foreclosed homes.