Fannie Mae (FNM, $6.48, up $0.86) and Freddie Mac (FRE, $4.75, up $0.78) each gained 15% and 20%, respectively, on Wednesday. After the closing bell, Fannie Mae restructured its management team as traders continue to ride the massive price swings of both stocks. This week alone, Fannie shares are up
Fannie and Freddie Continue Surge
Fannie and Freddie Spell F-I-R-E!
Fannie Mae (FNM, $13.49, down $1.82) and Freddie Mac (FRE, $7.64, down $2.59) are having a tough week as concerns about the two needing a government bailout have come to a head. The outlook is so bleak for both companies that Capitol Hill is meeting today to discuss contingency plans