Fannie Mae asks taxpayers for $7.8 billion as loss widens
November 8, 2011 at 11:28 am in Grand Forks Herald
Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to covers its losses in the July-September quarter. The government-controlled company said today that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed. Continue Reading
7.8 billion? Thats all?
C’mon, at least ask for 100 Billion.
Dont waste our time with that chump change.
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I think your request will be granted. Thanks liberals, your feel good housing program exceeded your wildest dreams in the magnitude of the disaster it was and is.
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