Oh..TRASH STOCKS....
Fannie Mae shares closed Tuesday at 92 cents, while Freddie Mac shares closed at $1.22.
Consider how many shares are outstanding and what has happened to their value over the last two years. 1.2 Billion shares of which 15% are held by institutions have been turned to trash by OUR government! Their should be a moster class action shareholders’ lawsuit.
This is hilarious! Anthony Sanders at George Mason University and Mercatus Center was on Bloomberg TV commenting on Fannie and Freddie losses. He then took a swat at Obama likening Fannie and Freddie and the BP oil leak with Obama’s reaction to both leaks - nothing.
Hope he wears a Kevlar vest!
http://www.youtube.com/watch?v=A8If6fklwMs
can we throw their mgmnt.in jail along with barny frank?? is he still “in charge” of banking??
I thought once they went that low, they had to leave? Who knows.