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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4021)	8/22/2008 4:32:33 PM
From: RockyBalboa	Respond to of 6370

No FRE deal: Freddie Mac courts investors, Buffett passes [Ed.: he will look into FNM] Friday August 22, 1:20 pm ET By J.W. Elphinstone, AP Business Writer Freddie Mac tries to get investors to buy its stock to raise capital, but Buffett passes NEW YORK (AP) -- Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. The likelihood Freddie will find willing investors took another hit after Moody's Investors Service lowered the company's preferred stock ratings and those of its sister company Fannie Mae to near junk status. Shares of the government-sponsored enterprises tumbled in midday trading.