“The other losers this weekend are those financial institutions that owned preferred equity in the GSEs.†You might recall Fannie and Freddie’s weekly stock offerings over the past few months… the GSEs issued millions of preferred shares to raise emergency capital. Regional banks all over the U.S. gobbled up these special shares.
There Will be More Bank Failures
Posted by StingingNettle 690 days ago (http://www.agorafinancial.com)
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