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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on August 06, 2009, 05:51:25 PM

Title: Fannie Mae needs another $10.7B in federal aid
Post by: Bindare_Dundat on August 06, 2009, 05:51:25 PM

NEW YORK (CNNMoney.com) -- Fannie Mae, the government-controlled mortgage insurer, said Thursday that it needs another $10.7 billion from the Treasury Department to stay afloat.

http://money.cnn.com/2009/08/06/news/companies/Fannie_mae_earnings/index.htm?postversion=2009080618

Title: Re: Fannie Mae needs another $10.7B in federal aid
Post by: grab an umbrella on August 06, 2009, 05:55:33 PM

This is a huge fucking shock, no one saw this coming.  No one could have known how bad it REALLY was.  Don't worry though, green shoots are everywhere.

Title: Re: Fannie Mae needs another $10.7B in federal aid
Post by: Bindare_Dundat on August 06, 2009, 06:21:25 PM

These motherfer's already admitted publically they won't be able to pay back the money they already owe and now they are still borrowing more moeny. Unreal.

Title: Re: Fannie Mae needs another $10.7B in federal aid
Post by: Hereford on August 06, 2009, 06:25:32 PM

Quote from: Bindare_Dundat on August 06, 2009, 06:21:25 PM

These motherfer's already admitted publically they won't be able to pay back the money they already owe and now they are still borrowing more moeny. Unreal.

Makes you kinda wish you had donated a few mil to the democratic party, eh?

Title: Re: Fannie Mae needs another $10.7B in federal aid
Post by: Bindare_Dundat on August 06, 2009, 06:36:00 PM

Speaking of borrowing:

FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)


  MEANS OF FINANCING:

    BORROWING FROM THE PUBLIC                                                   2,728,642

That's $2.75-3 TRILLION in 2009.