While it might be in good jest for certain red haired comediennes to be on the D-list, Fannie Mae and Freddie Mac’s impending delisting on the New York Stock Exchange caused shares to plunge yesterday.  According to CNN Money.com,

FHFA said in a statement that the planned delisting is due to the weak stock price for both firms, and not due to any determination about a change in condition at the firms or decisions about their futures.

“A voluntary delisting at this time simply makes sense and fits with the goal of a conservatorship to preserve and conserve assets,” said FHFA’s acting director Edward DeMarco in the statement announcing the move.

The main worry is investor confidence.  Investors are willing to risk more on government backed securities than on privately owned, so we could see an investor meltdown.

June 28, 2010 is the D-Day for D-Listing.