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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on May 06, 2011, 07:01:20 PM
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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/
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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/
Disgusting...