John McCain discusses Freddie Mac and Fannie Mae. He says they must not fail and cannot fail, but he thinks that at this time there is no requirement for a government bailout. McCain says he wants to look at all the options to keep the companies viable.

However, possible government bailout rumors are all over the internet and this has already significantly brought down the prices of Fannie Mae and Freeie Mac. At some point today Dow came down below 11,000 mark for the first time in two years.

Bush earlier today said that Freddie Mac and Fannie Mae are very important institutions and that Bernanke and Paulson will be working on this issue very hard.