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Fannie Mae Eyes Its Next Target

Who's next on Fannie Mae's list?

By Matt Koppenheffer and David Hanson – Nov 3, 2013 at 6:00PM EST

Citigroup (C +0.91%), Bank of America (BAC +1.11%), and JPMorgan Chase (JPM +1.09%) have all been forking money over to Fannie Mae (FNMA +2.58%) for a host of reasons – the latest could be because of alleged LIBOR rigging. In this segment of The Motley Fool's financials-focused show, Where the Money Is, analysts Matt Koppenheffer and David Hanson discuss what this could mean for the banks beyond this specific suit.

Read Next

About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Citigroup Stock Quote
Citigroup
NYSE: C
$129.14
(+0.91%)+$1.16
Bank of America Stock Quote
Bank of America
NYSE: BAC
$52.63
(+1.11%)+$0.58
JPMorgan Chase Stock Quote
JPMorgan Chase
NYSE: JPM
$311.63
(+1.09%)+$3.35
Federal National Mortgage Association Stock Quote
Federal National Mortgage Association
OTC: FNMA
$7.17
(+2.58%)+$0.18

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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