Archive for May 6th, 2011

Fannie Mae Seeks $8.5 Billion More in Taxpayer Bailouts


Friday May 6th, 2011   •   Posted by David Theroux at 6:00pm PDT   •   3 Comments

Corbett Daly at Reuters reports that having lost another $8.7 billion in the first quarter of 2011, Fannie Mae is now seeking another $8.5 billion in bailout funding from taxpayers, in addition to the $100 billion already received since Barack Obama became president. Mortgage finance giant Fannie Mae on Friday said it would ask...
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