Fannie Mae Asks for $8.4 Billion After Losing $11.5 Billion


And the fact that the government will of course give it to them so that they can continue to cover their losses and approve new mortgages that may or may not be paid off is not even the most depressing part of this story. This is: “The company has now racked up losses of nearly $145 billion, or nearly double its profits for the previous 35 years.” [WSJ]