Fannie Mae and Freddie Mac to delist from NYSE

By Andy Rice 16 June 2010

The Federal Housing Finance Agency has directed US state mortgage companies Fannie Mae and Freddie Mac to delist their stock. This is to ensure that they do not fall foul of the stock-exchange ruling that all shares must trade for a dollar or more. At the end of Tuesday, Fannie was trading at 92c, and Freddie at $1.22. Read more: Wall Street Journal

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"A long habit of not thinking a thing wrong gives it a superficial appearance of being right and raises at first a formidable outcry in defence of custom. But the tumult soon subsides. Time makes more converts than reason." ~ Thomas Paine

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