Posted by: Ben Steverman on September 03, 2008
On July 14, Treasury Secretary Hank Paulson sought authority to pump unlimited amounts of capital into Fannie Mae (FNM) and Freddie Mac (FRE) in an emergency. Since then, Fannie Mae’s stock has dropped 23%. Oh well. Gory details below.
Businessweek’s Emily Thornton, Amy Feldman, Ben Levisohn, and Ben Steverman focus on matters great and small for investors, from the views of a hot fund manager to an explanation of the latest products devised by Wall Street’s rocket scientists. Exploring trends in any area, from bonds and stocks to closed-end funds and futures, always with an eye towards giving investors a better understanding of the sometimes confusing and often chaotic world of finance. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.