Fannie Mae Fall Offers Buying Opportunity – Bove
After the Crapo-Johnson bill passed in the Senate Committee by a 13 to 9 vote, investors reacted negatively, sending shares of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) down, as common shareholders feared their holdings would be worthless. However, many believe that the bill will never be signed into legislation.
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