Fannie Mae is seeking an additional $10.7 billion in government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.
Fannie Mae seeks $10.7B in US aid after 2Q loss [Associated Press]
Presented Without Comment (Except The Unbridled Laughter You Hear In The Background)
By Equity PrivateComments (8)
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What a waste of a day…Jesus guys can’t you at least try to amuse me?!?!??!
Oh, and first bitches!
And I wanna see all the pictures from FmF tonight, I love me some whales!
I have to laugh, despite my strong dislike of your style.
FNM is bleeding like the pig I’m going to stick at FMF tonight!
I might actually have to volume CNBC in the AM to hear them dissect this green shoot
Wow. I hope no one gets a bonus at Fannie this year because they’re getting government support (in addition to the obvious funding gift every time they issue with an implied guarantee). What are Maxine and Barney doing about clawing back comp from the politically connected clowns who got jobs there because of who they knew rather than what the knew?
- Fixed Income
contest – what will book NPL’s max out at?
now $171 B
I say at least 25% higher
Why is this funny? The $10.7b comes from our savings account. They are broaching a $200b tab on us.
Another fine example of government efficiency and accountability…can’t wait to see the ever-increasing tax burden that will inevitably result from its takeover of health care.