wtf is going on with fre/fnm

[kxvid]

The fed did it. Steve Liesman on CNBC said that the fed had to buy freddie and fannie paper today on squawk box.

 

[forsalenyc]

Quote from NasdaqPlayer:

so u guys think fnm and fre wont be trading at 15 to 30 dollars a share in 6months to a year?

haven't FNM/FRE been seized by the govt? for all I know, I don't even know why they are being traded.

NasdaqPlayer, the price of FNM/FRE can go to 15-30 under one scenario assuming they continue to be traded in NYSE. After all the turmoil is over, FNM/FRE start to generate money, and govt letting it go public again. until then, the govt will eat all the profits from FNM/FRE, so why would u invest in it?

 

[hoppurr]

I'm hoping around 8, myself.

 

[m22au]

I posted in another thread:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2086293#post2086293