September 8, 2008 --- Fannie Mae (FNM) and Freddie Mac (FRE) stocks crash to under $1 ... NYSE listed Phat Phannie for several quarters and let investors, pension funds purchase stock even though the company released no financial statements (violation of NYSE's own listing requirements). If the analysts liked it at $60 they must love it at $0.75 !
To make text readable, click "watch in high quality" and make full screen. See the Fannie/Freddie crash from the eyes of a trader!
perpetualbull 3 years ago