Fannie Mae is asking for another $8.4 billion from the government to cover losses on bad mortgages after reporting a dismal first-quarter loss of $13 billion.
If fulfilled, the new request will bring Fannie’s total bailout package to $83.6 billion, nearly double the size of what the Treasury injected into Citigroup and Bank of America from the TARP program in Sept. 2008.
Late last year, the Obama administration increased its pledge to cover losses at Fannie and Freddie Mac past 2012 and did away with a $400 billion cap on aid.
The legislation “touches nearly every corner of the economy,” Alabama Sen. Richard Shelby said in the GOP weekly radio and Internet address over the weekend. “But these major contributors to the crisis are left unscathed,” he added, singling out Fannie Mae and Freddie Mac.
Holy shit, Kouwe, is this a joke? News is 8 hours late, no new information, no attempt at humor in the post. Your job is to entertain. Entertain me.
shut the fuck up, Kouwe
What’ your next post, announcing the European bailout?
The day is over, there’s a lot for you to copy!
I’m tempted to poke fun at Zach but my anger at this bailout and the fact that we have yet to see one fucking cock sucker called to the HIll from either of these to loser companies overrides that desire.
Wow, I looked at this headline and thought maybe Dealbreaker was down again. How is something this old on top? You suck so bad, Kouwe.
Breaking News: There’s a new instant messaging phenomenon gaining in popularity; sources tell us its called “Twitter”
Getting blocked on DB… the new killing it!!
Never thought I’d have to say this but, I dialed off of Diane Sawyer to catch CNBC’s business coverage and I don’t know why Bartiromo looks like h – - l.
Hey #8 are you saying hell? I noticed that myself.
Pooey – Let me guess, you don’t understand why people laugh at Lloyd Christmas’ “No way! That’s great! We landed on the moon” line, huh?
Back to the shitty clip art, I see.
last kouwe is the worst kouwe of the day
Anybody seen Bess?
KILL KOUWE
FNM & FRE are a colossal cluster f#ck, the Congress is powerless to do anything and the taxpayers are stuck with the bill to subsidize housing. FNM & FRE combined have approx. $1.6T in outstanding corporate debt, not incuding the mortgages they guarantee, so the potential exposure is mant times larger.
We are so f#cked………
What are you twelfth man on the deal team- last to know??
If you hate the Unite Union and want them to stop trying to screw over BA and its passengers call Tony Woodley or Derek Simpson on 011 44 20 7420 8900 and tell them that you think they are retarded…
and then call them and do it again.
Hey Kouwe what you wrote seems very familiar, verbatim to what I’ve read today in another article…