Question: What do you get when you put Republicans in charge?

Answer:

Stock drop on Fannie, Freddie; Dow below 11,000

NEW YORK - Stocks are falling further as investors grow more concerned about mortgage companies Fannie Mae and Freddie Mac. The Dow Jones industrials are down more than 220 points and have dropped below the 11,000 mark for the first time in two years.

A statement from Treasury Secretary Henry Paulson said the government’s focus is ensuring that Fannie Mae and Freddie Mac remain as presently constituted. But the market appears unimpressed by Paulson’s words.

The rising price of oil is also taking a toll on trading, creating even more worries about the effect of inflation on the economy.