No, I’m not referring to BP Oil.

In 2007 Fannie Mae (FNM) and Freddie Mac (FRE) were trading above $60; now, shares are at 56 cents and 76 cents respectively.

According to the NYSE rules, a company has to “take action to boost its shares or delist.” Both Fannie and Freddie plan to start trading on the Over-the-Counter Bulletin Board on July 8, 2010.

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