Pension funds and ordinary investors appear to have the most to lose in the federal bailout of Fannie Mae and Freddie Mac,

says attorney Jeffrey Zwerling, whose work includes securities class actions and mortgage banking. There's been much discussion about the bailout's effect on homebuyers and taxpayers, but investors are on the hook to lose the most, Zwerling says. "It seems the U.S. government intervened to keep foreign investors from pulling their money," says Mr. Zwerling, of New York's Zwerling, Schachter & Zwerling, LLP. "Treasury Secretary Henry Paulsen has said ‘the government will be repaid... before the shareholders of these companies get a penny,' and that just means that the pension funds and ordinary folks that invested hard-earned money may end up bearing the risk for the rest of the country." To interview Mr. Zwerling about the Fannie Mae bailout and the credit-market crisis, contact Mark Annick at 800-559-4534 or mark@androvett.com.