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Fannie and Freddie

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#1 Felijo


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Posted 05 August 2008 - 05:31 PM

Some analysts expect Freddie Mac to report a quarterly loss of more than $400M (.50+ cents/share) and a more than $600M quarterly loss for Fannie Mae (almost .70cents/share) on Friday. That will bring total losses in the last three quarters to the neighborhood of $7 billion for Fannie and 4.7 billion for Freddie. However, their shares have almost doubled in the past month.

Are they going to continue to bounce back? Or drop again and need a bail-out? It seems some people are "banking" on their recovery and they've doubled their money so far, is it a good investment still? I guess we'll find out on Friday...

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