Fannie And Freddie Shares To Suffer 80%+ Dilution
A quick look through the Treasury plan to take over and prop up Fannie Mae (FNM) and Freddie Mac (FRE) show that although common and preferred shareholders will not be completely wiped out, their holdings will be seriously devalued and diluted:First, dividend payments on both the common and preferred shares will be suspended.Second, in exchange [...]
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