$1.5 Trillion of Fannie and Freddie Default Swaps to be Unwoundhttp://www.mortgagenewsdaily.com/09082008_Fannie_Freddie_Default_Swaps.aspMarket watchers are warning of forced selling and diminished liquidity as credit default swaps (CDS) on Fannie Mae and Freddie Mac are unwound following the government bailout of the companies. It appears an estimated $1.47 trillion in contracts protectingenCommunityServer 2008 SP2 (Build: 31106.96)