The Treasury's move to help itself to all of the profits of Fannie Mae and Freddie Mac has indeed blown up a popular trade - that of buying up the preferreds in the hope the companies would one day earn enough to again make payments on them. One issue, the Fannie 8.25s, is off 59%.
The Treasury's move to help itself to all of the profits of Fannie Mae and Freddie Mac has...
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| Symbol | Last Price | % Chg |
|---|---|---|
| FNMA | - | - |
| Federal National Mortgage Association | ||