Fannie Mae, a government chartered corporation created to foster lending in the mortgage market, was up mysteriously Friday while the rest of the financials suffered. What's behind this move?
Pete Najarian believes the pop hinges on a statement from Hank Paulson. In it Paulson reveals that he’s talking with Fannie Mae (FNM) and Freddie Mac (FRE) about the issues they face and how the economy can get running again. Pete says he’s a buyer on the news.