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Fannie Mae reports $8.69 billion loss for Q1 (and wants $8.5B more in federal aid)
AP ^
| May 6, 2011
| Staff
Posted on 05/06/2011 2:59:47 PM PDT by library user
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To: library user
The below quote is important. It shows there is no recovery. In fact, we are going in the total opposite direction.
Mortgage buyer Fannie Mae reported a loss of $8.7 billion for the January-March quarter, and asked for an additional $8.5 billion in federal aid.
The new request is more than three times the $2.6 billion in government aid it sought in the final three months of last year.
So, three months from now, Fannie will be asking for $25B in federal aid? It sure looks that way.
2
posted on
05/06/2011 3:03:29 PM PDT
by
library user
(Just because you're homeless doesn't mean you're lazy.)
To: library user
To: library user
So what it's only money.
Whats truly important is they don't discriminate when they loan money and that a politician can buy some votes.
We tax payers can take care of the financial issues.
4
posted on
05/06/2011 3:05:57 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: EGPWS
This is like me taking $5,000 to Vegas, losing the entire $5,000 and then DEMANDING somebody give me another $5,000 so I can go lose the second $5,000 all over again.
I’m surprised no uprising by us taxpayers yet. How much more are we willing to take?
5
posted on
05/06/2011 3:07:32 PM PDT
by
library user
(Just because you're homeless doesn't mean you're lazy.)
To: library user
Can someone tell me why we should not let these two entities, Fannie Mae and Freddie Mac go bankrupt and disappear? Their credibility is shot. What are they offering that is worth what they are asking from the taxpayers to bail them out?
6
posted on
05/06/2011 3:08:46 PM PDT
by
bopdowah
("Unlike King Midas, whatever the Gubmint touches sure don't turn to Gold!')
To: library user
So, three months from now, Fannie will be asking for $25B in federal aid? It sure looks that way.It's all part of the draconian spending cuts bill that was recently passed to balance the budget.
7
posted on
05/06/2011 3:08:56 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: library user
...asked for an additional $8.5 billion in federal aid.
Gosh guys... are you sure that's enough? (/sarc)
8
posted on
05/06/2011 3:10:21 PM PDT
by
Sopater
(...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
To: library user
Im surprised no uprising by us taxpayers yet.All 45% of us?
9
posted on
05/06/2011 3:10:35 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: library user
The way things are going, at some point in the future I am going to stop paying my mortgage. Why could I not instead buy my mortgage from Fannie or Freddy for 50c on the dollar or half what I owe?
10
posted on
05/06/2011 3:11:38 PM PDT
by
bopdowah
("Unlike King Midas, whatever the Gubmint touches sure don't turn to Gold!')
To: library user
S H U T
I T
D O W N!!!!!!
11
posted on
05/06/2011 3:21:58 PM PDT
by
Dick Bachert
(2012 CAN'T COME SOON ENOUGH FOR ME. HOW ABOUT YOU?)
To: library user
S H U T
I T
D O W N!!!!!!
12
posted on
05/06/2011 3:22:25 PM PDT
by
Dick Bachert
(2012 CAN'T COME SOON ENOUGH FOR ME. HOW ABOUT YOU?)
To: library user
Fannie Mae...any relation to Sallie Mae? I think I see a few things in common.
To: library user
No
More
Bailouts!!
14
posted on
05/06/2011 3:28:10 PM PDT
by
upchuck
(Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
To: library user
King Obama will give it to them. This the GOP candidates should make an issue in debates right up to the election.
To: library user
When will this nightmare end? Will ANYBODY stop funding these perpetual money pits? For this and other fiscal blunders too many to mention over decades, we are borrowing $1-2 Trillion a year from anyone willing to buy our junk bonds.
At last night’s debate, I read that RP said something like; “We’ve (USA) defaulted before and we will default again.” Does anyone know what he meant by that RE> ‘defaulted before’ ? Is the end game here a repeat of the 30s, or what?
16
posted on
05/06/2011 3:37:21 PM PDT
by
ri4dc
(Cut your cable, Break Wind for the TSA, Flush Twice in 2012, ROTUS Meet the Hermanator)
To: library user
Ahhhh...
I remember fondly the good old days when the financial geniuses here on FR mocked anyone who suggested that Fannie was not a chaste lady of independent means, but rather a Gubmint ho.
To: library user
Hmmm... Maybe the program is broken and doesn’t work? Sane guy sez.......KILL IT NOW!!!!!!!!!!!!!!!
18
posted on
05/06/2011 3:53:01 PM PDT
by
vpintheak
(Democrats: Robbing humans of their dignity 1 law at a time)
To: library user
They need money for bigger bonuses for the managing group.
To: library user
We need a Federal Dept of Bad Ideas, whose job is to shut down stuff that is a waste of taxpayer money.
20
posted on
05/06/2011 4:07:52 PM PDT
by
lurk
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