Freddie going down on bad Fannie

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7573558.stm

Shares in US mortgage finance giants Freddie Mac and Fannie Mae have plunged to their lowest levels in nearly two decades.

The fall has reignited speculation that the US government will be forced to bail out the pair.

Shares in Fannie Mae, the biggest US provider of housing finance, fell 27% to $4.40, the lowest since 1988.

And shares in counterpart Freddie Mac crashed by nearly 22% to $3.25, their lowest since 1990.

[realityhack]

Damn... It's about banking.

[Xenophon]

Damn... It's about banking.

WHS

[ace00]

Oh, you had to go there.

I was considering purchasing some equity in the American heavy weight mortgage firms as it offers some value trading at such a low premium.

Yep, I wanted to get me some cheap fannie.

[Peoplesoft bloke]

Why do septics always have ridiculous names?

[HairyArsedBloke]

From Freddie Mac's website

Freddie Mac operates in a single, safe business: residential mortgages backed by the equity of millions of American homes across the nation. Freddie Mac is subject to rigorous governmental oversight and substantial capital requirements, and our financial disclosures surpass those of other large institutions. These practices ensure that our business is financially transparent and accountable to our shareholders, regulators and the American public.