TITLE

Timely Wachovia GSE Stock Sales Draw Attention

AUTHOR(S)
Davis, Paul; Terris, Harry
PUB. DATE
September 2008
SOURCE
American Banker;9/11/2008, Vol. 173 Issue 176, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that many analysts have questioned the sale of preferred stock in U.S. government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac by banking company Wachovia Corp. The GSEs were seized by the U.S. government on September 7, 2008. On July 21, 2008, shortly after Robert Steel was hired as chief executive officer (CEO) of Wachovia, all of Wachovia's stock in Fannie and Freddie was sold. Some analysts believe this was a case of insider trading.
ACCESSION #
34291514

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics