Fannie to U.S.: We need another $15.3 billion

money.cnn.com...

Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.

Fannie Mae (FNM, Fortune 500), which is controlled by the government, reported a fourth-quarter loss of $16.3 billion, including $1.2 billion in dividend payments to the Treasury Department. This is down from $25.2 billion a year earlier and $19.8 billion in the third quarter.

For 2009, however, Fannie's losses ballooned to $74.4 billion, compared with $59.8 billion in 2008

wow... how could anyone think things are getting better??

I find this completely ridiculous. I wonder how many other companies are gonna ask for more now.
I think its time to bail out the people. If people were given a "bail out" that would fix alot of debt and other economic issues.

But then again... Im sure all their CEOs need/deserve new homes, yachts and bonuses.

Originally posted by TheCoffinman
money.cnn.com...

Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.

Fannie Mae (FNM, Fortune 500), which is controlled by the government, reported a fourth-quarter loss of $16.3 billion, including $1.2 billion in dividend payments to the Treasury Department. This is down from $25.2 billion a year earlier and $19.8 billion in the third quarter.

For 2009, however, Fannie's losses ballooned to $74.4 billion, compared with $59.8 billion in 2008

wow... how could anyone think things are getting better??

The funny thing is that these entities are going to keep needing money every quarter and every year until our economy officially collapses. The govt. knows it and the market knows it. They all know that those entities and others are just warehouses for debt that should have been rated so low as to not be bought. Welcome to the world debt upon debt upon debt. Eventually this game is going to end and they won't be able to get people to pay any of their debt.

Let em collapse. Get it over and done with. It should have been over and done with a year ago. To big to fail, well welcome to capitalism. Sorry this long slow painful death BS is getting old. Let's just get it over and done with and see where the chips lay when the dust settles.

So, erm...what happens if we let them fail anyhow and go bankrupt...

in consideration with the amounts we are spending lately, its a drop in the bucket, but erm...ya, what would be the effect if we collectively just said "no"?

15 billion? No problem, they are definitely going to get it. And anything else they ask for in the future as well:

www.abovetopsecret.com...