53.8 F
Laguna Hills
Tuesday, Mar 19, 2024
-Advertisement-

Bailout Stings Fannie, Freddie Stocks, Bolsters Debt

Shares in mortgage finance companies Fannie Mae and Freddie Mac plunged while their debt soared Monday, one day after the government took over the companies, as investors bet the action would wipe out stockholders but fully guarantee their bonds.

*For more on this story,

read the full Reuters article.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-