Wednesday, November 9, 2011

Fannie Mae Wants $7.8 Billion More

Fannie Mae has asked U.S. taxpayers to cover $7.8 Billion in loses.  Those loses are for a THREE MONTH PERIOD from July to September (so you can be sure they'll be back asking for more every three months).  Taxpayers have ALREADY shelled out $169 billion to keep Fannie and Freddie afloat ($112.6 Billion to Fannie Mae).  And in the "Oh no you really didn't say that" category, Fannie's president and CEO Michael Williams actually said "Despite these challenges, we are making solid progress."  You believe him, right?   

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