Posted On: 11/07/2013 1:00:39 PM
Post# of 36729
That article only thickens the mystery and deepens suspicions. Fannie and Freddie are OTC. Who was short?
The breakdown on the lightly regulated market for stocks of companies too small, sparsely traded or troubled to be listed on the major markets came on a major news day for two of the market's most closely watched stocks, the government-backed mortgage investors Freddie Mac and Fannie Mae.
The breakdown on the lightly regulated market for stocks of companies too small, sparsely traded or troubled to be listed on the major markets came on a major news day for two of the market's most closely watched stocks, the government-backed mortgage investors Freddie Mac and Fannie Mae.
Freddie Mac said it would make a $30.4 billion dividend payment to the U.S. Treasury by the end of this year, while Fannie Mae said it would pay $8.6 billion in dividends, leaving the companies very close to making taxpayers whole on their large investments in the companies since they were taken over by the government five years ago.
On Thursday, there was little share-price movement or volume in the shares—an unusual development given that millions of shares change hands in a typical day and many more on days with major news.
(0)
(0)
