And you think they can run Health Care or plug a hole at the bottom of the ocean? Please…………..

In 2007 Fannie Mae (FNM) and Freddie Mac (FRE) were trading above $60; now, with shares hovering around $1, the companies are delisting from the New York Stock Exchange, reports the Washington Post. While Freddie’s shares were trading above $1, Fannie has been below for 30 trading days. According to the NYSE rules, a company has to “take action to boost its shares or delist.” Shares for both companies tumbled more than 40 percent after the announcement. Both Fannie and Freddie plan to start trading on the Over-the-Counter Bulletin Board on July 8.

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