You will love this one!!! FNM / FRE both screaming in preMKT:
Fannie Mae, Freddie Mac Among Early Volume Leaders, Government Reportedly Considering Options on Fannie, Freddie 08/06 07:31 AM
07:31 AM Eastern Daylight Time, 08/06/2009 (MidnightTrader) -- Fannie Mae (FNM:$0.74,00$0.17,0029.82%) is among the most actively traded stocks through the first-half of pre-market trade, recently leaping to a high of 0.94. Freddie Mac (FRE:$0.80,00$0.19,0031.15%) is touching a new high of 1.05. The U.S. government is reportedling considering several options for the firms, including folding the companies into a new federal government entity. Also being considered, winding down the companies' operations and merging them into a federal agency. Several media firms are reporting the details following a Washington Post piece on the government's plans. Price: 0.90, Change: +0.16, Percent Change: +21.6 http://www.midnighttrader.com
"Never in the history of the world has there been a situation so bad that the government can't make it worse."
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