The conservator of Freddie Mac and Fannie Mae has ordered the two government sponsored enterprises (GSEs) to take steps to delist their respective common and preferred stocks from the New York Stock Exchange. The stocks will also be delisted from any other national securities exchange and but will continue...
It is hard to be sympathetic to someone who cannot, as the saying goes, get out of their own way. But Fannie Mae is beginning to seem like the hapless victim of a crowd of school yard bullies determined to bring it down. Last week as we reported, the Rudman Commission which was charged with investigating...