Fannie Mae (FNM) and Freddie Mac (FRE) Plumment on Possible U.S. Bailout
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Shares of GSE's Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) and down 49% and 42%, respectively, this morning as U.S. bailout talk is so loud it is deafening.
This morning, a number of major media players were reporting that senior Bush administration officials are considering a plan to have the government takeover one of both of the companies.
If this were to happen, there is a chance that equity holders could be wiped out.
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