Fannie Mae seeks $8.5 billion from taxpayers

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Fannie Mae seeks $8.5 billion from taxpayers

Fannie Mae seeks $8.5 billion from taxpayers

She’s kidding?? What did you get when you asked for help?

REUTERS-

(Reuters) – Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.

The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in the first quarter.


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  1. […] Two things… she’s either trying to scare you since they just announced she seeks billion… […]


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