Wednesday, June 16, 2010

Fannie, Freddie to scrap NYSE stock listings

Everything is just dandy, but they delist the heart of the housing market as it is today.

Jim


It gives new meaning to pump and dump.

In another sign of the firms' financial disintegration, Freddie Mac and Fannie Mae, the giant mortgage finance companies operating in government conservatorship, said Wednesday they are delisting their common and preferred stocks from the New York Stock Exchange.

Source: marketwatch.com

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