Fannie Mae’s Doom and Gloom
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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Jim Lockhart Has No Idea Why Fannie Went Bankrupt, Kanjorski's "Bank Run" Sequel
(Zero Hedge, 6/4/09)
REITs and the Survival of Fannie Mae and Freddie Mac
(The Wikinvest Daily Angle, 9/9/08)
Out of Fannie Mae
(A Slacker's Quest For His First ..., 8/28/08)