What To Do With Fannie and Freddie ??

Barrons is out with a doomsday scenario on these two embarrassments. I posted a while back what I thought of these disasters. If they are capable of a zero bid or close to it, the put options could be a very interesting lottery ticket. Of course the options too could become zero bid and of course the stocks themselves are priced like options but I may consider a flat out spec in he Jan. puts. Just thinking out loud.