<<<any one still short FNM ?? >>
I'm leap putting that insanely bloated pig here and building a short. My target for that overhyped over-owned pyramid scheme pile of garbage is SINGLE DIGITS! People may laugh at that target now, but when it blows it will look like PVN and ENE etc...........
You see this stuff today:
biz.yahoo.com
U.S. mortgage finance regulator delays rule
Wednesday November 7, 1:20 pm Eastern Time
WASHINGTON, Nov 7 (Reuters) - The government agency that keeps watch over the finances of mortgage finance giants Fannie Mae (NYSE:FNM - news) and Freddie Mac (NYSE:FRE - news) on Wednesday delayed work on a corporate governance regulation at the request of the two companies.
The Office of Federal Housing Enterprise Oversight said it would extend the comment period on a regulation regarding corporate governance. Included in the regulation is a description of financial conditions that could trigger a special review of an agency's finances by the government.
``The deadline has been extended from Nov. 13, 2001 to Dec. 13, 2001 to accommodate the enterprises' requests,'' OFHEO Director Armando Falcon said in a two-paragraph statement.
(EDIT: NEED SOME TIME TO HIDE STUFF?)
Fannie Mae and Freddie Mac are shareholder-owned but congressionally chartered companies that buy mortgages from lenders and repackage them as securities for investors. While the companies' securities are not guaranteed by the government, many investors view their special government ties as an indication the United States would not let them fail.
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biz.yahoo.com
New Issue - Fannie Mae sells $9 bln bills
Wednesday November 7, 9:53 am Eastern Time
NEW YORK, Nov 7 (Reuters) - Fannie Mae (NYSE:FNM - news) said on Wednesday it
sold $4.5 billion of three-month benchmark bills due Feb. 7, 2002 at a stop-out rate, or
lowest accepted rate, of 1.780 percent, $2.5 billion of six-month bills due May 9, 2002 at a
1.720 percent stop-out rate and $2.0 billion of one-year bills due Nov. 1, 2002 at a 1.830
percent stop-out rate.
The three-month bills were priced at 99.5501 and have a money market yield of 1.788 percent, the six-month bills were priced at 99.1304 and have a money market yield of 1.735 percent, while the one-year bills were priced at 98.1802 and have a 1.864 percent money market yield, according to Fannie Mae. |
