Fannie Mae and Freddie Mac Delisted From New York Stock Exchange


Why? No one wants to deal with them; at this point they’re just taking up space, and for years now, their presence has just been depressing the hell out of everyone: “In the past five years, both stocks have fallen more than 99 percent. And the news sent the share prices even lower. As of 10:30 this morning, FNM (Fannie’s stock) had fallen 42 percent, to 54 cents a share. FRE (Freddie’s stock) had fallen 46 percent, to 67 cents a share.” [Washington Independent]