Shares of the government-sponsored enterprises dropped to new lows Monday after the market digested the Treasury Department's proposed bailout, which would inject funds into Fannie Mae and Freddie Mac but significantly dilute the interests of shareholders. Fannie Mae's shares dropped a whopping 89.6% in Monday's trading, closing down $6.31 at $0.73. Freddie Mac was in similar straits, with shares trading at $0.78 after falling 82.8%, or $4.22. Ironically, the rest of the market benefited from news of the rescue plan. The Dow Jones industrial average was up nearly 290 points, over 2.5%, at the close.
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