NEWBIES BOARD

[mayvid]

Wow I'm glad I got out when I did.

8:22 EDT - Shares of Fannie Mae and Freddie Mac are plunging in premarket trading, after a U.S. district court threw out a lawsuit against the federal government over its handling of the two quasi-public companies during the financial crisis. Shareholders, including a clutch of Wall Street firms like Perry Capital and Fairholme Funds, felt they weren't fairly compensated for their stakes in the company. Judge Royce Lamberth felt otherwise. Fannie Mae is down 62% at $1, and Freddie Mac is down 61% at $1.02. Makes you wonder if anybody not involved in the suit was holding the stock. ([e-mail]; @paulvigna) (END) Dow Jones Newswires October 01, 2014 08:22 ET (12:22 GMT)