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Fannie Mae suffers massive loss, seeks more aid
AFP via Breitbart ^ | Aug 06, 2009 | N/A

Posted on 08/06/2009 3:32:58 PM PDT by Jet Jaguar

Troubled state-backed mortgage firm Fannie Mae took a massive 14.8-billion-dollar second-quarter loss

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Front Page News
KEYWORDS: bhoeconomy; fanniemae; fnma; mortgage; third100days

1 posted on 08/06/2009 3:32:58 PM PDT by Jet Jaguar
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To: Jet Jaguar

They should recover some of their money that was fraudulently obtained by Jamie Gorelick and Franklin Raines


2 posted on 08/06/2009 3:37:35 PM PDT by Canedawg (Thoughts cannot be censored.)
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To: Jet Jaguar

What the Congress that wants to do Healthcare, to fund it, can not running a house mortgage company?

Shocked!


3 posted on 08/06/2009 3:40:01 PM PDT by Leisler
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To: Jet Jaguar

Fannie and Freddie are a scam and make work projects filled with ACORN like employees who are less productive than postal workers.


4 posted on 08/06/2009 3:40:16 PM PDT by Frantzie (Lou Dobbs - American Hero! Bill O'Reilly = Liar)
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To: Canedawg

The fact that we have two govt run companies financing 60% or more to the residental mortgages in the US is crazy. The Govt should get out of the mortgage business because the politicians can’t run anything profitable or accountable.
The banks lending is all controled by these govt entities.
Just wait til we see how much more AIG and GM are going to cost.


5 posted on 08/06/2009 3:41:28 PM PDT by Oldexpat
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To: Jet Jaguar
Franklin Raines, Jamie Gorelick and other Clinton hacks cooked the books at these institutions for years. In reality, Fannie and Freddie were both probably broke before the meltdown. It was the biggest real estate fraud in history.
6 posted on 08/06/2009 3:42:23 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Jet Jaguar

Tip of the iceberg.


7 posted on 08/06/2009 3:43:35 PM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: Jet Jaguar

It can’t be broke. Barney Frank said it wasn’t just a few months ago.

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


8 posted on 08/06/2009 3:44:33 PM PDT by joinedafterattack
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To: Jet Jaguar

It’s long past time for them to go away, and take Freddie Mac with them.


9 posted on 08/06/2009 3:46:36 PM PDT by 3niner (When Obama succeeds, America fails.)
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To: Frantzie

Damn straight. No one is bothering to count the number of times these crooks have been bailed out. They will bleed this country dry.


10 posted on 08/06/2009 3:46:57 PM PDT by dr_who
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To: Jet Jaguar

No problem, Barney will goose it back up.


11 posted on 08/06/2009 3:49:29 PM PDT by rfp1234
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To: Jet Jaguar

Where are Barney and Chris? They should pitch in some of the graft they’ve received over the years.


12 posted on 08/06/2009 3:54:41 PM PDT by Rocky (OBAMA: Succeeding where bin Laden failed.)
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To: Jet Jaguar

Just wait till they set up Fannie Med...


13 posted on 08/06/2009 4:02:04 PM PDT by Bean Counter (No, I am Jim Thompson!!)
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To: rfp1234
No problem, Barney will goose it back up.

Well, Barney does fancy Fannies.

14 posted on 08/06/2009 4:05:23 PM PDT by windsorknot
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To: Jet Jaguar

Another government run fiasco.....harbinger of future headlines for ObamaCare.


15 posted on 08/06/2009 4:12:39 PM PDT by cranked
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To: Jet Jaguar
Take it our of bwaney fwanks slush fund... **** fannie mae and anyone else with a hand out!

LLS

16 posted on 08/06/2009 4:21:25 PM PDT by LibLieSlayer (hussama will never be my president... NEVER!)
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To: Jet Jaguar

"We are going to help our people....."

Check your forearm to see if you qualify as "their people."

17 posted on 08/06/2009 4:40:49 PM PDT by SkyPilot
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To: Jet Jaguar

Well, ain’t that a case of tough sh!t...

If they were to just go away, we might just get out of this mess...

But then again I am being unrealistic...stoopid...ignern’t...and downright dumb...


18 posted on 08/06/2009 5:07:36 PM PDT by stevie_d_64
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