Citigroup held 30/6/2008 1 billion worth of FRE and FNM stocks .Now it lost almost all the value. ,,Guru" investors lost on FNM and FRE as well:


Bill Miller-             $873 836 329
David Dreman -     $196 000 000
Richard Pzena,   -  $547 900 000
Charles Brandes -  $424 000 000

they all held FNM and FRE .....


Bill Ackman & Jim Rogers were shorting these stocks.... IF I remember it correctly other ,,guru" investor who is betting against Bill Ackman is Martin Whitman so we will see who is right and who is wrong.