Fannie Mae-No Politics (FNMA)

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Fannie Mae told by NYSE it doesn't meet listing standards

By Wallace Witkowski
Last update: 4:38 p.m. EST Nov. 18, 2008Comments: 32
SAN FRANCISCO (MarketWatch) -- Fannie Mae (FNM:Fannie Mae
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4:01pm 11/18/2008

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FNM 0.47, +0.02, +4.4%) said late Tuesday it was notified by the New York Stock Exchange that it is deficient in listing standards and is subject to delisting. Fannie Mae shares have closed under $1 over 30 consecutive trading days ending Nov. 12. Fannie needs to notify the NYSE on how it will regain compliance by Nov. 26.