Fannie May seeks yet another bailout
Thread Starter
RB does men
Joined: Jan 2003
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From: Pittsburgh
Fannie May seeks yet another bailout
Someone please kill FNM and FRE
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.
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.
.......
Joined: Jun 2002
Posts: 522,629
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From: noobtown
hmm - wonder how this one got passed congress and the SEC.
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94 Chevy Blazer - brother crashed.
94 2dr accord - h22 swap, rear ended.
03 1.8 gti - waiting for her bag of chips.
:crazyr: :slap: :hsughr: :nec: :madr:
94 Chevy Blazer - brother crashed.
94 2dr accord - h22 swap, rear ended.
03 1.8 gti - waiting for her bag of chips.
:crazyr: :slap: :hsughr: :nec: :madr:
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
Yeah I posted about this in another thread a week or so ago.
8bil lost last year, 10bil requested...uhh didn't they just bail your asses out the year before as well?
8bil lost last year, 10bil requested...uhh didn't they just bail your asses out the year before as well?
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
.......
Joined: Jun 2002
Posts: 522,629
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From: noobtown
wonder how long it will take them to pay it back
__________________
94 Chevy Blazer - brother crashed.
94 2dr accord - h22 swap, rear ended.
03 1.8 gti - waiting for her bag of chips.
:crazyr: :slap: :hsughr: :nec: :madr:
94 Chevy Blazer - brother crashed.
94 2dr accord - h22 swap, rear ended.
03 1.8 gti - waiting for her bag of chips.
:crazyr: :slap: :hsughr: :nec: :madr: