Fannie Mae-No Politics (FNMA)

[Snappo]

This doesn't sound good;-( !!!


Fannie Mae To Undertake Reverse Stock Split To Meet Listing Requirements - Update


(RTTNews) - Wednesday, Fannie Mae (FNM), in its filing with the U.S. Securities and Exchange Commission or SEC, said that it has informed the New York Stock Exchange or NYSE of its intention to undertake a reverse stock split in order to increase the share price and the average share price of its common stock for 30 consecutive trading days above $1.00 by no later than May 11, 2009. In case of further delay, NYSE will initiate suspension and de-listing procedures as per applicable rules.