Bank Of China Reduces Holdings In Fannie Mae And Freddie Mac Securities

August 29, 2008 2:13 PM | | TrackBacks (0)
The Bank of China has reduced its holdings in securities issued by Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) by 25% since June 30.  Shares of Fannie Mae tumbled $1.11 to close at $6.84 while Freddie Mac stock dropped 77 cents to close at $4.51.

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