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Investors prepare for GSEs future as private firms

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Investors are cashing in on Fannie Mae and Freddie Mac preferred stock, placing bets that both Enterprises will return to private firms. 

Fannie Mae's 8.25% of preferred shares have more than doubled this year to $4.31 on Friday.

"The idea is eventually, as these companies have paid back their debt to the government, they could potentially be turned back on," said Bose George, an analyst at Keefe Bruyette & Woods.

Source: Bloomberg
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