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The preferred stock of Fannie Mae and Freddie Mac is among the hotter issues of the year after doubling thanks to improved results at the firms. The question before the house is
whether the government
will allow the finance firms to return to private ownership without zeroing out existing investors. As for the common -
- "Total casino," says KBW's Bose George.
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Stock should be trading a lot higher. I think it is worth around $6 a share at the moment. They won't cancel it out, at least not for a couple years.
Apr 29, 2013. 01:32 AM
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