New York Stock Exchange Halts Pre-Market Trading in Fannie Mae (FNM) and Freddie Mac (FRE) for Monday, Sept. 8, 2008 News Dissemination Trading Expected to Open at 9:30am (EST) New York, Sept. 8, 2008 The New York Stock Exchange (NYSE) announced that the common and related preferred stock of Fannie Mae (ticker symbol FNM) and Freddie Mac (ticker symbol FRE) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, Sept. 8, 2008 due to U.S. federal regulators action related to Fannie Mae and Freddie Mac. After consultation with the FHFA, Treasury and the Securities and Exchange Commission, we feel that this decision will allow investors to digest the news that has been disseminated over the weekend, to interpret the news and the analysis that will be generated on Monday morning and to evaluate the resulting aggregate supply and demand. All markets will be free to trade both FNM and FRE as of 9:30am (EST), Monday, Sept. 8, 2008. Securities affected by the halt to Fannie Mae and Freddie Mac are: http://www.nyse.com/press/1220610346765.html
"Bailout was a 99% sure thing." the key was to figure out what there be left for shareholders common and preferred. it is likely that banks which hold preferred stock might be bailed out. disgusting. did u short fnm in after hours fri.? current bid 1.15 to 1.26