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.”

http://www.cnbc.com/id/44032122/

https://bellalu0.wordpress.com/2009/03/01/fannie-mae-wants-more-money/

Fannie is a pig.

Posted:  08.05.11 @ 10:56 a.m.