Tuesday, September 9, 2008

Top Five (Former) Equity Holders of Fannie / Freddie

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