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.
[...] doing. Even if you do, it’s possible to lose a lot of money — e.g., Bear Stearns, Fannie Mae, Freddie Mac, etc. Personally, I have moved away from individual stock picking for many years [...]