Author Topic: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER  (Read 976 times)

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FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« on: February 26, 2009, 11:16:00 PM »
Insane that some people are still upset that Obama wants to give their CEO a pay limit.  I didn't hear that same CEO requesting a bailout limit the FIRST time he asked for cash.

WASHINGTON (AFP) – Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and asked the Treasury Department for a further 15.2 billion dollars in aid.

The US government-controlled Fannie Mae reported a loss of 25.2 billion dollars in the fourth quarter driven mainly by the effects of a prolonged housing slump and a global financial crisis. It had a third quarter loss of 29.0 billion dollars.

For the full year of 2008, the company posted a loss of 58.7 billion dollars, almost 27 times higher than the 2007 loss of 2.1 billion dollars.

Fannie Mae said it submitted a request Wednesday for 15.2 billion dollars from the Treasury "in order to eliminate our net worth deficit as of December 31, 2008."

windsor88

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #1 on: February 26, 2009, 11:37:02 PM »
i wonder how much the bonuses were?   ::)

IFBBwannaB

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #2 on: February 27, 2009, 12:37:10 AM »


Obama & Fannie are good good friends.

Also, if you're too lazy, fast forward to 2:49.

Soul Crusher

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #3 on: February 27, 2009, 05:03:25 AM »
Insane that some people are still upset that Obama wants to give their CEO a pay limit.  I didn't hear that same CEO requesting a bailout limit the FIRST time he asked for cash.

WASHINGTON (AFP) – Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and asked the Treasury Department for a further 15.2 billion dollars in aid.

The US government-controlled Fannie Mae reported a loss of 25.2 billion dollars in the fourth quarter driven mainly by the effects of a prolonged housing slump and a global financial crisis. It had a third quarter loss of 29.0 billion dollars.

For the full year of 2008, the company posted a loss of 58.7 billion dollars, almost 27 times higher than the 2007 loss of 2.1 billion dollars.

Fannie Mae said it submitted a request Wednesday for 15.2 billion dollars from the Treasury "in order to eliminate our net worth deficit as of December 31, 2008."


You mean all of Obama's buddies?????

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #4 on: February 27, 2009, 06:26:57 AM »
Fannie is practically gov owned so a failure reflects on gov bank ownership.

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #5 on: February 27, 2009, 07:35:28 AM »
You mean all of Obama's buddies?????

why would obama limit "his buddies" paydays, when bush wouldnt?  ;)

Soul Crusher

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #6 on: February 27, 2009, 08:00:27 AM »
why would obama limit "his buddies" paydays, when bush wouldnt?  ;)

Give it up.  Everyone who is honest about it knows that Obama was the 2nd biggest receipient of Fannie campaign contr.

BTW - why didnt Obama seek  caps under TARP??????

Your ZERO messiah is a fraud and you all know it.

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #7 on: February 27, 2009, 08:08:48 AM »
Give it up.  Everyone who is honest about it knows that Obama was the 2nd biggest receipient of Fannie campaign contr.

BTW - why didnt Obama seek  caps under TARP??????

Your ZERO messiah is a fraud and you all know it.


Answer the Q.  Is Obama taking away tens of millions of $ from his buddies, or not?

IFBBwannaB

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #8 on: February 27, 2009, 08:34:16 AM »

Answer the Q.  Is Obama taking away tens of millions of $ from his buddies, or not?

Simple, Obama is a populist, he know he can't continue giving freebies to his buddies so he turn on them.

Here is why Bush didn't managed to cap their salary , your friends interrupted:



You can't reply to my posts, as usual, you live in your little world where Newton laws don't apply and Obama laws are better than all.

240 is Back

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #9 on: February 27, 2009, 08:41:14 AM »
Simple, Obama is a populist, he know he can't continue giving freebies to his buddies so he turn on them.

Here is why Bush didn't managed to cap their salary , your friends interrupted:



You can't reply to my posts, as usual, you live in your little world where Newton laws don't apply and Obama laws are better than all.


i wasn't talking to you.  many of us have realized what you really are, and are choosing to stay away from you.


IFBBwannaB

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #10 on: February 27, 2009, 08:51:04 AM »

i wasn't talking to you.  many of us have realized what you really are, and are choosing to stay away from you.




Bla bla bla....I present facts...you present delusions.

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #11 on: February 27, 2009, 08:59:04 AM »

Answer the Q.  Is Obama taking away tens of millions of $ from his buddies, or not?

No.  His buddied and contributors already robbed the bank and ran off with the cash without consequence.

now that the bank is broke there is nothing left to rob. 

Get real and wake up fool.




 

a_joker10

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #12 on: February 27, 2009, 09:22:50 AM »
No.  His buddied and contributors already robbed the bank and ran off with the cash without consequence.

now that the bank is broke there is nothing left to rob. 

Get real and wake up fool.




 
They didn't run anywhere
Rahm Emanuel
http://en.wikipedia.org/wiki/Rahm_Emanuel
After serving as an advisor to Bill Clinton, in 1998 Emanuel resigned from his position in the Clinton administration. He then became an investment banker at Wasserstein Perella (now Dresdner Kleinwort), where he worked until 2002.[27] In 1999, he became a managing director at the firm’s Chicago office. Emanuel made $16.2 million in his two-and-a-half-year stint as a banker, according to Congressional disclosures.[27][28] At Wasserstein Perella, he worked on eight deals, including the acquisition by Commonwealth Edison of Peco Energy and the purchase by GTCR Golder Rauner of the SecurityLink home security unit from SBC Communications.[27]

Emanuel was named to the Board of Directors for the Federal Home Loan Mortgage Corporation ("Freddie Mac") by then President Bill Clinton in 2000. His position paid him $31,060 in 2000 and $231,655 in 2001.[29] During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities.[30] The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention." Emanuel resigned from the board in 2001 when he ran for congress.[31]
Z

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Re: FANNIE MAE LOSES $25.2 BILLION -- IN ONE QUARTER
« Reply #13 on: February 27, 2009, 09:25:56 AM »
They didn't run anywhere
Rahm Emanuel
http://en.wikipedia.org/wiki/Rahm_Emanuel
After serving as an advisor to Bill Clinton, in 1998 Emanuel resigned from his position in the Clinton administration. He then became an investment banker at Wasserstein Perella (now Dresdner Kleinwort), where he worked until 2002.[27] In 1999, he became a managing director at the firm’s Chicago office. Emanuel made $16.2 million in his two-and-a-half-year stint as a banker, according to Congressional disclosures.[27][28] At Wasserstein Perella, he worked on eight deals, including the acquisition by Commonwealth Edison of Peco Energy and the purchase by GTCR Golder Rauner of the SecurityLink home security unit from SBC Communications.[27]

Emanuel was named to the Board of Directors for the Federal Home Loan Mortgage Corporation ("Freddie Mac") by then President Bill Clinton in 2000. His position paid him $31,060 in 2000 and $231,655 in 2001.[29] During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities.[30] The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention." Emanuel resigned from the board in 2001 when he ran for congress.[31]

My god are you fools deluded. 

Gorelick
Raines
Johnson

All made tens of millions from the scam they ran.

Look it up.