Finance

Fannie, Freddie Shares Rally; Nationalization Fears Ease 

You know what, maybe we were all a little premature on this nationalization talk. That’s the emerging sentiment among investors, at least, and one now also being pushed actively by analysts with a better grasp of the debt markets that really drive both Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock]; as a result, shares in both GSEs rallied strongly both Tuesday and Wednesday after a horrible past week. Fannie closed Wednesday up 15.3 percent to $6.48, while Freddie moved up 19.65 percent to $4.75.