Fannie likes to sneak things in under the radar on FOMC days. This Google News search cluster on Fannie Mae has just 5 stories as of 10:15 MST (Phoenix time).
Here’s a sampling.
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Notes and References
[1]: "Fannie Mae (FNM) Receives Delisting Notification from NYSE", StreetInsider, December 12, 2006.
In Today’s 8-K Filing: Under the listing standards of the New York Stock Exchange, or NYSE, the NYSE may initiate suspension and delisting proceedings when a listed company such as Fannie Mae (NYSE: FNM) (formally, the Federal National Mortgage Association) fails to file an Annual Report on Form 10-K, with the Securities and Exchange Commission, or SEC, in a timely manner. Fannie Mae has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2005.
[2]: "NYSE Gives Fannie Mae Deadline", Associated Press, December 12, 2006.
Fannie Mae has until March 15 to file its 2005 annual report, the New York Stock Exchange said Tuesday.
The exchange will permit the mortgage giant’s shares to continue trading if it complies with additional listing requirements, as expected, in the interim, according to a Securities and Exchange Commission filing from Fannie Mae.
If the annual report has not been filed by Dec. 31, 2007, Fannie Mae’s shares face delisting, the exchange said.
[3]: "NYSE: Fannie Mae must file 2005 10-K by end of 2007", Reuters, December 12, 2006.
Fannie Mae (FNM.N: Quote, Profile , Research), the top U.S. mortgage-finance company that is trying to move on from its accounting scandal, said in a regulatory filing on Tuesday that the New York Stock Exchange said it must file its 2005 annual financial report by Dec. 31, 2007, to continue to trade its securities on the NYSE.









Whoa! The NYSE is getting really harsh here…
FNM hasn’t provided anyone with financials in two years and *now* the NYSE finally gets around to threatening with de-listing??? Must be good to hang out at the same golf club
I’m sure the execs at Fannie are quaking in their shoes at this very moment!
Thanks for watching and sharing during this hectic holiday season, John.
Cookin’ those books? I guess after Enron and SarbOx it is getting harder to hide the bad news.
MAybe they know what is coming and want to drop the bomb in the middle of when the financials tank so they just are part of the background noise. Keep tuned folks ’cause this will get interesting.