The share values of Fannie Mae and Freddie Mac hit new 52-week lows Wednesday after Freddie Mac was forced to pay a record amount to raise short-term debt. At deadline time, Freddie's shares were down 21% on the day to just $3.29. Its 52-week high is $65. At one point during the morning its shares fell to $2.95. Meanwhile, Fannie Mae's stock dropped 18% to $4.93. Its intraday low was $4.74, and its 52-week high is $70. Both government-sponsored enterprises have been hurt by speculation that they will be nationalized and their common shareholders wiped out. On Tuesday, Freddie Mac priced new five-year notes at 113 basis points over the comparable Treasury obligation [see above item].
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