Posted by: arnegrim | May 6, 2011

Fannie Mae continues to bleed

“Mortgage buyer Fannie Mae is reporting a loss of $8.7 billion for the January-March quarter, and asking for an additional $8.5 billion in federal aid.

The new request is more than three times the $2.6 billion in government aid it sought in the final three months of last year.”

http://www.npr.org/2011/05/06/136066372/fannie-mae-has-loss-seeks-8-5-billion-in-u-s-aid?ft=1&f=1001

Obama had previously said he would support Freddie/Fannie through 2012… regardless of the cost… and without asking for them to restructure.  Will he stick to his guns and allow them to destroy our economy further?

https://arnegrim.wordpress.com/2011/03/29/examining-freddie-and-fannie/

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