Fannie Mae needs another $10.7B in federal aid

[Bindare_Dundat]

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

[grab an umbrella]

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.

[Bindare_Dundat]

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.

[Hereford]

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?

[Bindare_Dundat]

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.