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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: lurk

We need a Secretary Of Bullshit (SOB) with a big BULLSHIT stamp, and everything has to go through him/her first.


21 posted on 05/06/2011 4:16:11 PM PDT by sheana
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To: library user
And Chris Dodd and Barney Frank are still walking around free.

SHUT IT DOW! STOP THE BLEEDING NOW!

22 posted on 05/06/2011 4:33:59 PM PDT by Liberty Valance (Keep a simple manner for a happy life :o)
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To: library user
Why don't they go back to the people that drove Fannie Mae into the ground and get back the money they scammed. Jamie Gorelick scammed them for $26,466,834. Make her give it back. Send her to jail.
23 posted on 05/06/2011 4:35:18 PM PDT by CharlyFord
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To: drypowder
They need money for bigger bonuses for the managing group.

And to help Bwaney the limp wrist critter keep his job.

24 posted on 05/06/2011 4:37:39 PM PDT by EGPWS (Trust in God, question everyone else)
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To: library user

“The company said it lost $8.7 billion in the first three months of the year.”

Our cost to run the federal government is $1.4 trillion and our Elected Elites are going to cover Fannie’s lost (off budget item). Were are they getting the money? And not 1 politician is going to jail.


25 posted on 05/06/2011 4:38:18 PM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: bopdowah
...at some point in the future I am going to stop paying my mortgage.

Sadly enough THAT you can get away with, however don't miss your property tax payments or risk losing your property!

26 posted on 05/06/2011 4:40:49 PM PDT by EGPWS (Trust in God, question everyone else)
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To: steveab
Were are they getting the money?

Photobucket

27 posted on 05/06/2011 4:43:04 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Were are they getting the money?

Maybe. They could say no, we are not going to buy your debt at such low interest rate. We want 10%.


28 posted on 05/06/2011 4:49:54 PM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: bopdowah

What I believe is happening is the banks, such as Wells Fargo, are taking the payments on the performing loans and dumping the non performers on Fannie and Freddie. So, since you’re making your payments there’s no way you could buy it from fannie.

But I agree with you. I’m going to try to sell in a year and it’ll either sell for what I owe or the bank will accept a short sell. I hate to think about the third option but I may have to do it.


29 posted on 05/06/2011 4:52:50 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


30 posted on 05/06/2011 5:11:33 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: library user

We all knew this was going to happen!

They never fixed squat! Still handing out loans to folks that will never pay us back! The pubs should really jump on this!


31 posted on 05/06/2011 5:17:18 PM PDT by penelopesire (Let The Congressional Hearings Begin!)
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To: library user

Enough, let it go!


32 posted on 05/06/2011 5:30:08 PM PDT by Cheetahcat ( November 4 2008 ,A date which will live in Infamy.)
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To: penelopesire

Don’t come to U.S. taxpayers with your hand out unless Franklin Raines and Jamie Gorelick are behind bars.


33 posted on 05/06/2011 5:37:10 PM PDT by Lets Roll NOW (Game On)
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To: yup2394871293
Welcome to FR, yup2394871293. You picked a good day to join!

It's my birthday! ........................................................... FRegards

34 posted on 05/06/2011 5:45:28 PM PDT by gonzo ( Buy more ammo, dammit! You should already have the firearms .................. FRegards)
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To: library user

I hope they hold their breath (literally) for the Republican Congress to approve that. If only....


35 posted on 05/06/2011 6:33:34 PM PDT by XenaLee (The only good commie is a dead commie.)
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To: library user

UNreported future losses are at least 15 times the reported loss.

I’ve seen reports that estimate a further 5% drop in home prices that put the future losses at over 20 times reported losses for the quarter.

We’re looking at Fannie Mae losing US$8Billion/quarter, each quarter, for the next 4 to 6 years.


36 posted on 05/06/2011 6:48:15 PM PDT by JerseyHighlander
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To: library user

http://www.youtube.com/watch?v=_MGT_cSi7Rs


37 posted on 05/06/2011 7:36:57 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: library user

IMO Fannie Mae is nothing more than a clearing house of slush funds for the government...it will always require more input from the American people.


38 posted on 05/06/2011 7:42:25 PM PDT by caww
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To: gonzo

Welcome to this thread, gonzo! You picked a good time to join! I like even numbered days of the month!


39 posted on 05/06/2011 7:52:59 PM PDT by yup2394871293
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To: Soothesayer9
This is NOT the Fannie Mae I remember! Oh, Ellie Mae? Never mind...


40 posted on 05/06/2011 8:27:02 PM PDT by GalaxieFiveHundred
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