Fannie Mae and Freddie Mac shares plummeted again on Friday morning — and the broader stock market followed suit — as concern mounted that the government will be forced to take over the beleaguered mortgage finance companies, which some investors fear are at risk of default.
[snip]
Hold onto your seats, folks. This one could hurt.
Freddie Mac stock has lost nearly 70 of its value in the last week alone. Fannie Mae shares have fallen 55 percent during that period.
No comments:
Post a Comment