Life Preserver Has Investors, Financial ETFs Worried

Worries about the fate of Fannie Mae (FNM) and Freddie Mac (FRE) are persisting, and it continues to drag down financial exchange traded funds (ETFs). Investors seem increasingly convinced that if the government bails them out, their shares will plunge to zero, reports Alan Zibel for the Associated Press. Fannie Mae’s CEO reassured investors that a [...]