Bove backs off Fannie Mae, Freddie Mac preferred shares after latest dramaMichelle Jones
The drama involving Fannie Mae and Freddie Mac continues to develop in what has been a fast-moving chain of events over the last couple of weeks. The news has generally been good as progress was finally being made on an issue that spans the last 10 years. However, a new development has finally given well-known bank analyst Dick Bove of Odeon Capital pause. He now believes the GSEs' preferred shares are fully valued after touting them for years.
FHFA does an about-face
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