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.”

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?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: