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THE MORTGAGE MARKET NEW FRONTIER CAUSED BY Fannie Mae (FNM) and Freddie Mac (FRE)
September 8th, 2008 11:37 PM

New York Stock Exchange Halts Pre-Market Trading in Fannie Mae (FNM) and Freddie Mac (FRE) for Monday, Sept. 8, 2008 News Dissemination -- Trading Expected to Open at 9:30am (EST)

NEW YORK, Sep 08, 2008 (BUSINESS WIRE) -- The New York Stock Exchange (NYSE) announced that the common and related preferred stock of Fannie Mae (ticker symbol FNM) and Freddie Mac (ticker symbol FRE) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, Sept. 8, 2008 due to U.S. federal regulators action related to Fannie Mae and Freddie Mac. After consultation with the FHFA, Treasury and the Securities and Exchange Commission, we feel that this decision will allow investors to digest the news that has been disseminated over the weekend, to interpret the news and the analysis that will be generated on Monday morning and to evaluate the resulting aggregate supply and demand. All markets will be free to trade both FNM and FRE as of 9:30am (EST), Monday, Sept. 8, 2008.

Click on the following link to know more on the mortgage debacle and the mortgage companies gone under: IMPLODE 2009 ! ! !


Posted by Shark Corp on September 8th, 2008 11:37 PMPost a Comment (0)

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