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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on May 10, 2010, 06:20:47 AM

Title: First Freddie Now Fannie asks for another $8.4 billion
Post by: Bindare_Dundat on May 10, 2010, 06:20:47 AM
NEW YORK (CNNMoney.com) -- Fannie Mae requested another $8.4 billion from the federal government on Monday, saying that due to trends in the housing and financial markets, the company expects its deficits to continue.

The government-controlled mortgage giant announced Monday that it lost $13.1 billion applicable to common shareholders in the first quarter of 2010.