Fannie, Freddie rescue won't end housing woes

The federal government's takeover of Fannie Mae and Freddie Mac may save the battered real estate market from a complete meltdown. But financial experts say the bailout won't lead to a housing recovery just yet. Instead, some on Wall Street said the housing sector is in as tough shape today as it was before Sunday's rescue by the Treasury Department. "This isn't curing the patient. This is preventing the patient from developing a new problem he can't survive," said Barry Ritholtz, CEO and director of equity research, Fusion IQ.

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