Fannie Mae Hits Rock Bottom

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Fannie Mae (FNMA.OB) announces a Q3 net loss of $1.3 billion and needs even more money, the figure of $2.5 billion.   Fannie Mae shares ended trading today at 38 cents.

Penny Stocking Around with Fannie Mae

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Fannie Mae (NYSE:FNMA) is nothing more than just another penny stock, not an encouraging sign when U.S. Taxpayers have already thrown $145 billion at Fannie and Freddie (NYSE:FRE).  Today Fannie shares spiked up 46% to end the day at a whopping 39 cents.

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