Monday 10:38 am Fannie Mae (FNM +1%) may need to write down the value of its $5.2B low-income housing tax credits after the Treasury vetoed its plan to sell them. "We are evaluating whether Treasury's decision changes our prior determination that we continue to have the intent and ability to sell or otherwise transfer" the credits, Fannie says in an 8-K this morning.
2 Comments
Nettligent: AIG, FNM, FRE are the best of the worst, ranking tops among the best of what many consider the most troubled stocks around these days.
about 9 hours ago
Thomas Pan: After 9 consecutive quarterly loss, Fannie would draw another $15bn from Treasury. FNM
3 days ago
Chris Petrescu: Unemployment 10.2%, FNM tapping more emergency funds, David Fry's website down, my personal fear indicator is skyrocketing.
4 days ago
Archman Investor: 8:30 am: rationalizations will once again be used to justify any # released. FNM needs another $15. M2M would reveal truth about banks!!