Fannie Mae (FNM) And Freddie Mac (FRE) Fall 25% On News Of Possible Government Takeover

Posted: July 11, 2008 at 6:49 am

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Shares of Fannie Mae (FNM) and Freddie Mac (FRE) are down about 25% in the pre-market on news that the government may take over the firms, taking the value of their stocks to zero.

Douglas A. McIntyre

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