Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

The Bailout Of Fannie And Freddie Has Cost $145 Billion So Far. What's Next?

Print comment Post Comments
THE CONTINUING STORY OF...
"Fannie Mae and Freddie Mac will be delisted from the New York Stock Exchange next month, the government said today. Shareholders were largely wiped out when the government took over the companies two years ago. Since then, the stocks have been trading at about $1 per share — the minimum threshold to stay on the exchange. The delisting "does not constitute any reflection on either [company's] current performance or future direction," according to the Federal Housing Finance Agency, which oversees the companies. So what is the "future direction" of the two companies, which so far have cost taxpayers $145 billion, and could cost hundreds of billions more?"
SOURCE:   npr

TICKERS