[mattduke]

Government-controlled mortgage buyer Fannie Mae is asking for $2.5 billion in additional federal aid after posting a narrower loss in the third quarter.

Fannie Mae said Friday it lost $3.46 billion, or 61 cents a share, in the July-September quarter. That takes into account $2.1 billion in dividend payments to the Treasury Department. It compares with a loss of $19.8 billion, or $3.47 a share, in the third quarter of 2009.

The government rescued Washington-based Fannie Mae and sibling company Freddie Mac about two years ago and it estimates that will cost taxpayers up to $259 billion. That's nearly twice the $133.4 billion Fannie and Freddie are in line to receive from taxpayers so far and would make it the most expensive bailout of the financial crisis.

Print it up, Republicrats.
http://finance.yahoo.com/news/Fannie-Ma ... et=&ccode=

[Sixstrings]

Print it up, Republicrats.

Just a guess, but I doubt the "debt ceiling" and "constitutional spending" will apply to Fannie Mae and AIG.

(not that anyone would want Fannie Mae to fail, that would implode everyone's home values)

[Ludi]

(not that anyone would want Fannie Mae to fail, that would implode everyone's home values)

But wouldn't imploding home values be a good thing to the "I hate taxes" crowd? They would pay lower property taxes if their home's value plummeted.

It's a good thing!

[eastbay]

(not that anyone would want Fannie Mae to fail, that would implode everyone's home values)

But wouldn't imploding home values be a good thing to the "I hate taxes" crowd? They would pay lower property taxes if their home's value plummeted.

It's a good thing!

Don't count on it. Printing money, monetizing debt, and otherwise taking active steps to inflate a nations currency never results in deflation.

[mattduke]

Print it up, Republicrats.

Just a guess, but I doubt the "debt ceiling" and "constitutional spending" will apply to Fannie Mae and AIG.

(not that anyone would want Fannie Mae to fail, that would implode everyone's home values)

Fannie was a misguided creation of Government to make housing more affordable. Now the stated goal is to make houses as expensive as possible. Anything, except the market price. Republicrats don't believe there is such a thing as economics.