Fannie and Freddie Find New Home
Twin mortgage money munching monsters Fannie Mae and Freddie Mac were evicted from their stylish NYSE homes when foreclosures on the listing addresses FNM and FRE were completed at the close of trading on Wednesday.
They will be renting gov't subsidized tickers FNMA and FMCC in the Over-the-Counter district starting Thursday.
Unfortunately, proposed financial reform legislation does not include a treatment program for the Mortgage Backed Security addictions that have cost the two former Washington and Wall St. darlings their reputations, fortunes, and now, their homes.
More details for Fannie and Freddie.