Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
The largest U.S. residential mortgage funds provider on Friday also reported a second-quarter net loss attributable to common shareholders of $5.2 billion, or 90 cents per share.
2 comments:
Fool me once shame on you, fool me twice shame on me. Too big to fail? Again? Let them go bankrupt if they can manage any better.
They're not lending so screw them!
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