XChange is Nightly Business Report's Blog. Stop by the XChange to read what NBR's reporters, producers, and achors have to say about a variety of business news topics. Some of the XChange's "hot" topics include energy, real estate, investing, technology, and goverment regulation. Once you've read the entries from NBR's authors, post your comments. ...
You and I may wind up owning a piece of Freddie Mac and/or Fannie Mae, whether we want to or not. That was the message delivered by the stock market today, where investors drove shares of both companies down below their levels of last week in spite of the weekend “rescue” plan announced by the Treasury Department and the Federal Reserve. That’s because most experts think the Fed will take an equity stake in one or both of the companies in return for a much needed capital infusion. Current stock holders will see their shares greatly diluted if that happens, which explains the fact that in spite of the “rescue,” share prices fell again. ...
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You and I may wind up owning a piece of Freddie Mac and/or Fannie Mae, whether we want to or not. That was the message delivered by the stock market today, where investors drove shares of both companies down below their levels of last week in spite of the weekend “rescue” plan announced by the Treasury Department and the Federal Reserve. That’s because most experts think the Fed will take an equity stake in one or both of the companies in return for a much needed capital infusion. Current stock holders will see their shares greatly diluted if that happens, which explains the fact that in spite of the “rescue,” share prices fell again. ...