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Best scenario for Fannie Mae?
Posted on 7/11/08 at 10:00 am
Posted on 7/11/08 at 10:00 am
What is the best solution for the Fannie Mae problem?
I would tend to think that all options suck, but that the lesser of all the evils would be for them to raise more capital through new stock issues.
It fell from 13.20 yesterday to now at 9.43. Before Paulson's statement, it was trading at just below 8. It shot up to 9.45 in about 10-15 minutes.
Boy, day traders must be making (losing) a ton of money on this one.
I would tend to think that all options suck, but that the lesser of all the evils would be for them to raise more capital through new stock issues.
It fell from 13.20 yesterday to now at 9.43. Before Paulson's statement, it was trading at just below 8. It shot up to 9.45 in about 10-15 minutes.
Boy, day traders must be making (losing) a ton of money on this one.
This post was edited on 7/11/08 at 10:02 am
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