LATE BREAKING:Fannie Mae, Freddie Losses Make Them `Insolvent,' Poole Says LATE BREAKING: Fannie, Freddie Downgraded by Derivatives Traders Over Capital In a column I wrote for The Ecologist magazine in London a few years ago I posited that the financial environment was as precariously pitched on the edge of an economic abyss as any of the ecological disasters such as climate change, fishing sto