Zombie stocks FNM, FRE, AIG head back toward the grave

Fannie Mae and Freddie Mac each down 13 percent, AIG down 16 percent, Citi and other banks also lower in afternoon trading. Investors are spooked.

TOLD you so yesterday "Fannie and Freddie worth zero"  and this morning "Zombie stocks".

Again: AIG owns a number of good businesses. They're not dead. They're just not worth last week's $50 a share yet. Fannie and Freddie, by contrast, are going to need lots more hideously expensive transfusions if they're ever going to walk on their own power again.