Fannie Mae and Freddie Mac were the victims of so-called headline risk last week after a high-ranking Treasury Department official suggested that the Bush administration was open to the idea of eliminating the GSEs’ federal credit line. At a press luncheon/lecture sponsored by the Heritage Foundation, a Washington-based conservative think tank, Treasury Assistant Secretary Wayne Abernathy expressed vague support for eliminating the GSEs’ $2.25 billion credit line with the government.