Skip to comments.Fannie Mae posts $2.1B loss for Q4 (ask for more aid!)
Posted on 02/24/2011 3:33:56 PM PST by EBH
WASHINGTON (AP) -- Mortgage buyer Fannie Mae has posted a loss of $2.1 billion for the October-December quarter of last year, and is asking for an additional $2.6 billion in federal aid.
The new request is slightly more than the $2.5 billion it sought in the July-September quarter. The government-controlled mortgage buyer also reported a $21.7 billion loss for all of 2010.
AND YOU CAN'T MISS THIS TOO
Freddie Mac posts $1.7B loss for Q4
asks for additional $500 million in aid
(Excerpt) Read more at finance.yahoo.com ...
They’re just trying to get more money for their cronies before everything falls apart.
Didn’t Barney Frank say a long time ago that there was no way that this would happen?
Yep, heck no, no more money..
Bawney Fwank said it was financially sound. I heard him.
Barney Frank 2003: Fannie and Freddie are not facing any kind of financial crisis
‘’These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘’The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
sweet, sweet Wobbly