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Fannie and Freddie to be taken over by their Uncle Sam?
August 18th, 2008 1:34 PM

Over the weekend, many of the news outlets were reporting that insiders believe the Fed will have to bail out the troubled lenders.  About an hour ago, CNN reported Fannie and Freddie down 18% in Monday's early afternoon trading.  As of this posting Freddie shares were trading at $4.90 and Fannie $6.50. 

Here is the article:

http://money.cnn.com/2008/08/18/news/companies/fannie_freddie/?postversion=2008081812

As the article notes, both companies' stock are down 80% since January 2008.   

 

Posted by Patti Persia on August 18th, 2008 1:34 PMPost a Comment (0)

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Positive News Alert! Crude drops again!
August 5th, 2008 1:23 PM

More positive news.  Crude drops, stocks rally awaiting Fed info.  Check out this article from marketwatch.com. 

We love positive news stories, send yours today!

 

http://www.marketwatch.com/news/story/crudes-loss-dollars-gain-investors/story.aspx?guid=%7B711408C2-4BC7-40DA-BAF9-2C438D857C59%7D&dist=msr_6

Posted by Patti Persia on August 5th, 2008 1:23 PMPost a Comment (0)

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