FRE

Fannie and Freddie CEOs Score Big Paydays

Big firms which got government bailouts and haven't paid back the money are supposed to be subject to pay restrictions. Fannie Mae and Freddie Mac both borrowed tens of billions, and haven't repaid it yet. So how is it that their CEOs will make millions for their work in 2009?

No exit from Fannie and Freddie?

It was a year ago this week that the federal government seized ailing mortgage-finance giants Fannie Mae (FNM) and Freddie Mac (FRE). Their collapse,...

When economic stress proves too much

The reported suicide of acting Freddie Mac (FRE) Chief Financial Officer David Kellermann puts a human face on the damage the recession has taken on...

Once mighty Citigroup trades below $1

Just after 11.35 AM today, Citigroup (C) traded below $1. Its market cap is now only $5.3 billion. In June 2007, the stock was close to $54. Citi...