Fannie, Freddie Shares Slump, Bonds Rise on Bailout Speculation

Aug. 20 (Bloomberg) — Fannie Mae and Freddie Mac shares tumbled in New York trading to the lowest levels since at least 1990 and the bonds rose as speculation increased that the U.S. Treasury will bail out the mortgage-finance companies, wiping out shareholders. Fannie, based in Washington, slumped 27 percent and McLean, Virginia-based Freddie dropped […]