Federal Housing Finance Agency (FHFA), has ordered government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to delist from the New York Stock exchange. The NYSE asks companies trading below $1 to either take corrective action or delist.
Posts Tagged ‘Freddie Mac’
Out of sight, out of mind
Wednesday, June 16th, 2010No jobs recovery in sight
Thursday, January 22nd, 2009It wasn’t a good year for Freddie Mac and one could rightfully challenge its accounting methods based on the problems it has encountered in the last year but the Office of the Chief Economist at Freddie Mac released its 2009 Economic and Housing Market Outlook recently and their forecasts deserve a look.
While the outlook calls for the U.S. to officially pull out of the recession in the third quarter of 2009, it also predicts unemployment to continue to rise peaking at 8.7% in the fourth quarter and remaining above current levels through 2010.
Stranger than fiction
Tuesday, July 15th, 2008A couple of weeks ago following the passage of the Energy Markets Emergency Act we wrote a tongue in cheek blog regarding the legislation and commented that the fact that it was basically an empty gesture was its greatest attribute given that it did not include some of the draconian measures being contemplated by some Senators.
While purporting to fight market manipulation, some Senators have suggested basically creating rules—such as using margin—to manipulate the market. Creating uneven rules on margin as was suggested during one of these hearings to try and affect market activity is a manipulation regardless of its intent. We ended the blog half jokingly by suggesting that with the equity markets under such pressure that it would be ironic if Congress tried to manipulate activity in one market one way and in another—equities—in a different manner. We quipped, “It could happen.”
