Red Herring or Clue? Fannie Job Posting Hints at NYSE Listing
Fox News - August 27, 2014 - August 28, 2014
Fox News, By Julie VerHage
Fannie Mae, the large mortgage lender bailed out by the U.S. government, may be looking to have its shares listed on the New York Stock Exchange, in what would be a historic move.
According to a recent job posting, Fannie (FNMA) is looking for an attorney, who among other things, would “provide advice and counsel on corporate governance and securities law matters, including Federal Housing Finance Agency, ‘34 Act, (and) ‘NYSE listing requirements.’”
Seeking a listing on the Big Board would be an audacious move for Fannie, which along with its counterpart Freddie Mac was put into conservatorship in 2008 after receiving nearly $188 billion in federal assistance —a move designed to forestall the looming financial meltdown. Shares of both Fannie and Freddie, which had traded on the NYSE, were subsequently delisted, and currently trade on the over-the-counter markets.
Read full article: Red Herring or Clue? Fannie Job Posting Hints at NYSE Listing