Monday, May 10, 2010

Fannie Mae seeks $8.4B in aid after 1Q loss

Almost forgot about Fannie Mae? $8.4 billion seems like chump change with bailouts reaching a trillion dollar handle.

Fannie Mae has again asked taxpayers for more money -- this time $8.4 billion -- after reporting another steep loss for the first quarter. The taxpayer bill for rescuing Fannie and its sibling Freddie Mac has grown to $145 billion -- and the final tally could be much higher.

Source: finance.yahoo.com

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