Author Archive: Vern McKinley

Fannie and Freddie Limbo

Friday March 2nd, 2012   •   Posted by Vern McKinley at 4:31pm PDT   •   1 Comment

This week Fannie Mae, one of the two mortgage giants bailed out in September 2008 at the height of the financial turmoil that year, released its 2011 financial results. Management revealed losses of over $2 billion in the last quarter of 2011, nearly $17 billion for all of 2011 and asked for almost $5…
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