Thursday, October 21, 2010

Fannie and Freddie may need another $215 billion

This is certainly dollar friendly, right? Don't think so.

Fannie Mae (OTC BB:FNMA.OB - News) and Freddie Mac (OTC BB:FMCC.OB - News) may need as much as $215 billion in additional capital from the Treasury through 2013 to offset losses and maintain a positive net worth, their federal regulator said on Thursday.

Source: finance.yahoo.com

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