Fannie Mae’s Doom and Gloom
Posted on Mon 8th Sep, 2008 06:00:15 PM
Fannie (FNM) and Freddie (FRE) as of yesterday will now be both 79.9% controlled by the United States Government. Markets internationally rallied around the news with Japan, China, France, Britain, and Germany all jumping over 3%.
Here is a look at Fannie Mae’s Journey from nearly $70 a share to today’s price of under $1 a share:
The Dow Jones opened up over 300 points this morning but has since given back over half its gains. The Nasdaq Composite is red overall on the day. View a stock chart of Freddie Mac.
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Freddie and Fannie Get Unlimited License to Print Money: Time To Rethink Market Stances
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The future of Fannie and Freddie
(The Mess That Greenspan Made, 1/22/10)