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.