The Treasury's move to help itself to all of the profits of Fannie Mae and Freddie Mac has...

|About: Fannie Mae (FNMA)|By:, SA News Editor

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%.