Fannie and Freddie Kicked Off S&P 500 Index

Today, Standard & Poor's announced that Federal National Mortgage Association (FNM) and Federal Home Loan Mortgage Corporation (FRE) will be removed from the S&P 500 Index at the close of trading on September 10. The two companies that will replace FNM and FRE after the close on September 12 are Salesforce.com Inc. (CRM) and Fastenal (FAST).

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Source: Standard & Poor's (pdf file)

Comments

[User 259119:]

Freddie and Frannie rumored to merge.....OH BOY!!!

2008 Sep 10 08:35 AM

[Jose Sinclair:]

Gotta keep the indices UP no matter what - so we keep removing the laggards, put in growing stuff so the public only hears the UPWARD BIAS of the re-engineered indices...

What a SCAM!
"Western capitalism is a house of cards" - Ronald Reagan, re the 87 crash...

It's a joke, an whenever capitalism inevitably fails, we always resort to SOCIALISM to save it! may as well just go socialist and stop all the b.s. and losses and fleecing of the consumer/voter, cuz that's ALL the rest of us who aren't making a million per year...

... the Jman...

2008 Sep 10 03:59 PM