dan clue

Wall Street Breakfast: Must-Know News

Etrade (ETFC) reported out during Q2 results in July that they have stakes in Fannie and Freddie and that they sold some and will be liquidating the rest due to the potential government takeover. I emailed Etrade yesterday at their investment line with this question. Does Etrade own any fannie or freddie? Etrade reponded that they liquidated the rest of their prefered July 31st and he also referanced Q2 results and future guidenance. So basically they Own 0 and the time of the government takeover.