Someone please kill FNM and FRE
Originally Posted by bloomberg
May 10 (Bloomberg) -- Fannie Mae, the mortgage-finance company operating under federal conservatorship, said it will seek $8.4 billion in aid from the U.S. Treasury Department after reporting its 11th-straight quarterly loss.
http://www.bloomberg.com/apps/news?p...BY.a8Tt4&pos=6
Unbelievable.
Only in America can you lose an insane amount of money for nearly 2 years and still stay in business.
The US is a joke.