Fannie Mae Shareholders Optimistic About Recent Rulings
Fannie Mae and Freddie Mac stocks gained about 2.7% apiece in trading yesterday as shareholders interpreted a ruling for AIG’s Hank Greenberg as a sign that they were also more likely to win. But this ignores the fact that Greenberg wasn’t actually rewarded anything as well as a ruling from last week that undermines shareholders’ position. SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
For Fannie Mae shareholders, winning is only half the battle
In his ruling, Judge Thomas Wheeler explains that the he has to first determine whether the
