DavidS
Anti-Tea Party Member
Uh, anyone notice how Fannie Mae and Freddie Mac are doing stock-wise?
Fannie Mae is trading at 38 cents per share. When we gave them tens of billions of dollars in mid September, they were trading at 49 cents per share.
Freddie Mac is doing much better!! It's trading at 56 cents per share. When we bailed them out in September, they were trading at 26 cents per share.
Oh and to make matters even better for them:
Fannie Mae slapped with NYSE notification - Sacramento Business Journal:
The Washington, D.C.-based mortgage giant (NYSE: FNM) said on Wednesday its stock price has fallen below the exchangeÂ’s price requirements for too long, according to a regulatory filing.
The average closing price of Fannie MaeÂ’s stock for the 30 consecutive trading days ending Nov. 12 was less than $1 per share.
As a result, the companyÂ’s common stock and each of its listed series of preferred stock are subject to suspension and delisting unless the company notifies the NYSE by Nov. 26 of its plans to cure the deficiency.
If it does, it will have six months from Nov. 12 to bring its stock price up to required levels above $1 for 30 consecutive days.
Paulson should be tried and thrown in prison for his incompetence.
Fannie Mae is trading at 38 cents per share. When we gave them tens of billions of dollars in mid September, they were trading at 49 cents per share.
Freddie Mac is doing much better!! It's trading at 56 cents per share. When we bailed them out in September, they were trading at 26 cents per share.
Oh and to make matters even better for them:
Fannie Mae slapped with NYSE notification - Sacramento Business Journal:
The Washington, D.C.-based mortgage giant (NYSE: FNM) said on Wednesday its stock price has fallen below the exchangeÂ’s price requirements for too long, according to a regulatory filing.
The average closing price of Fannie MaeÂ’s stock for the 30 consecutive trading days ending Nov. 12 was less than $1 per share.
As a result, the companyÂ’s common stock and each of its listed series of preferred stock are subject to suspension and delisting unless the company notifies the NYSE by Nov. 26 of its plans to cure the deficiency.
If it does, it will have six months from Nov. 12 to bring its stock price up to required levels above $1 for 30 consecutive days.
Paulson should be tried and thrown in prison for his incompetence.
