Take a Load Off Fannie (Mae)

Posted by: Ben Steverman on September 3, 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.


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About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. 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.

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