Fannie Mae wants more money – again

As they dance barefoot in the Rose Garden

Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009.

Sounds a whole lot like what they said in March of 2009:

“Fannie Mae said it submitted a request Wednesday for 15.2 billion dollars from the Treasury “in order to eliminate our net worth deficit as of December 31, 2008.”

Fannie is a pig.

Posted:  08.05.11 @ 10:56 a.m.


Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized

3 responses to “Fannie Mae wants more money – again

  1. Pingback: Fannie and Freddie downgraded by S and P | Can I Just Finish My Waffle?

  2. Pingback: Fannie Mae Admits Pushing Foreclosures Instead Of Modifications | Barton Bishop Real Estate Group

  3. Pingback: Fannie Mae Admits Making Foreclosures Worse … ON PURPOSE! | Blurb-O-Rama

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