Fannie, Freddie Shares Plunge After Investor Lawsuit Is Dismissed – Wall Street Journal

Wall Street Journal
The government didn’t wipe out shareholders but received warrants to acquire up to 80% of the firms’ common stock and avoided bringing their assets and liabilities onto the federal ledger. The government also received a new class of “senior preferred” …
Fannie Mae Ruling Means Ackman’s Valuation Is Now $100-$250Seeking Alpha (registration)

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