Fannie Mae(FNM) drop from 52 weeks high of 69.93 to 5.55(drop 92%!!!) and off the low of 3.53
Freddie Mac(FRE) on the other hand drop from 52 weeks high of 65.88 to 3.32(95%!!!) and off the low of 2.26.
Look at FRE and FNM vs s/p 500 and Dow. It's absolutely out drop these 2 indices.
Speculation that these 2 company will be buyout is uncleared.
Remember Bear Stearn (BSC) and Northern Rock???
Stay away from FRE and FNM!!!!!
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