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  • Why Do Regional Banks Hold Fannie and Freddie Preferreds? [View article]
    DTL - Your last sentence in item 4 is probably why they will "guarantee" the common stock for FRE and FNM - just an quick look at some of the balance sheets of banks around my area (albeit small sample), seem to show that they would quickly approach the edge of solvency. They own a lot of this @!#($. And the worst part is, looking at earlier 10Qs some of them were buying on the way down and likely have bases in their holdings north of $30/share. eeek.
    Aug 26 13:51 pm |Rating: 0 0
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