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Old August 5th, 2011, 02:34 PM   #1
myp
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Fannie Mae looks for $5.1 billion more

The mortgage GSE is back for more as Fannie Mae said it will be asking for another $5.1 in support from taxpayers. The giant also announced recently a net loss of over 5 billion on the last quarter. This $5 billion request is just anothe rin a line of a lot of money given to Fannie (and Freddie) in order to subsidize the losses they have as a result of the pipedream they helped create during the housing bubble.

Full story on CNBC: http://www.cnbc.com/id/44032122/
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Old August 6th, 2011, 03:17 PM   #2
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Originally Posted by myp View Post
The mortgage GSE is back for more as Fannie Mae said it will be asking for another $5.1 in support from taxpayers. The giant also announced recently a net loss of over 5 billion on the last quarter. This $5 billion request is just anothe rin a line of a lot of money given to Fannie (and Freddie) in order to subsidize the losses they have as a result of the pipedream they helped create during the housing bubble.

Full story on CNBC: http://www.cnbc.com/id/44032122/
When will they all learn, the US is broke damn it!
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Old August 6th, 2011, 04:34 PM   #3
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Unfortunately, they are a part of the government.
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Old August 6th, 2011, 04:41 PM   #4
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Unfortunately, they are a part of the government.
True. But too many in the government can't face the fact that the jar is empty. They keep expecting things we can no longer do. I think many free rides will come to an end in the next couple of years.
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