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IPFS News Link • Economy - Economics USA

Investors keep trading stocks that seem doomed

• AP

Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.

All three are majority-owned by the government and are losing huge sums of money. The Securities and Exchange Commission and other regulators lack authority to end trading of stocks in such “zombie” companies that technically are alive - until the government takes them off life support.

 

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Comment by Anonymous
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