On Fri, May 6, 2011 at 11:13 PM, Jerry Barnes <[email protected]> wrote:
>
> Excerpt:
>
> Fannie Mae asked the government Friday for an additional $8.5 billion in aid
> after declining home prices caused more defaults on loans guaranteed by the
> mortgage giant.
>
> The company said it lost $8.7 billion in the first three months of the year.
> Those losses led Fannie to request more than three times the federal aid it
> sought in the previous quarter. The total cost of rescuing the
> government-controlled mortgage buyer is nearing $100 billion - the most
> expensive bailout of a single company.
>


so next quarter it will be another 8.5 billion in aid? Another 36
Billion in aid by years end?

Fucking Crooks!

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