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Bankruptcy

: Texas Lawyer Blog

Freddie Mac and Fannie Mae Melt

By J. Michael McBride

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Insolvency concerns have driven the share prices for the once venerable firms of Freddie Mac and Fannie Mae almost into the ground. Today, share prices for these two have fallen substantially. Freddie Mac's 52 week high is $67.20 and it closed yesterday at $8.00 and today's low share price (as of noon CST) was $3.90 although it has crept "up" to the $5 to 6 dollar range. The fear is that the Federal government might have to put these companies into a conservatorship based on a law set up in 1 read more

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Full post as published by Texas Lawyer Blog on July 11, 2008 (boomark / email).

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