WSJ (HT Calculated Risk):
Wells Fargo & Co. said ... its perpetual preferred investments in Fannie and Freddie are included in securities available for sale at a cost of $336 million and $144 million, respectively. Those securities now trade at 5% to 10% of their original value.
The F&F confessional is open.
Source: MSN HT Dealbreaker; WSJ
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