The government-owned mortgage investor posted its latest quarterly loss Friday, blaming the recent house-price double dip for a rise in credit costs. Fannie (FNMA) also said its regulator will ask the government for more money to cover those losses.
The $6.5 billion request from the Federal Housing Finance Agency will bring the company's cumulative draw on Treasury funds since its September 2008 takeover to $99.7 billion – which is greater than the annual economic output of fine nations including Sudan, Libya and Bulgaria, to name three.
http://finance.fortune.cnn.com/2011/05/06/fannie-bailout-nears-100-billion/
