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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (9308)	10/24/2002 3:23:20 PM
From: Bid Buster	Respond to of 57110

14:48 ET Fannie Mae and Freddie Mac sliding on accounting change : We're hearing that recent declines in Fannie Mae (FNM 68.29 -1.76) and Freddie Mac (FRE 62.04 -1.46) may be tied to a Dow Jones report that the companies have reclassified some mortgage assets, which had the effect of boosting shareholder equity. Though the move has no impact on operating results, it has drawn the attention of Congressman Richard Baker, who has been leading the charge in Congress against government guarantees for these firms, albeit with few Congressmen following his lead thus far.