What will happen to fannie mae and freddie mac stock?

  • Thread starter Thread starter JuJuBee
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JuJuBee

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I know the government took control of over %80 percent so wouldn't this mean that the stock should be valued at around %80 of what it was and not the .79 cents it is currently trading at, or won't they survive at all?
 
The way the deal was structured the common stockholder will almost certainly be completely wiped out. I'm a little surprised that they're trading as high as they are.
 
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