Fannie, Freddie (FNM, FRE) Higher Again
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Shares of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are higher again, up 14% and 21% respectively today, on growing opposition to the view that the common will be worthless.
A guest on CNBC reiterated the view of a Citigroup analyst, saying he doesn't think there will be a bailout.
The talk seems to have shorts nervous and covering their positions.
Yesterday, FNM was up 4% and FRE was up 17%.
A guest on CNBC reiterated the view of a Citigroup analyst, saying he doesn't think there will be a bailout.
The talk seems to have shorts nervous and covering their positions.
Yesterday, FNM was up 4% and FRE was up 17%.
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