Euphoria Over Greece Bailout Ignores Fannie Mae Death Rattle!

Various | May 10, 2010 | Stayfree

[Stayfree]

Fannie Mae reported a net loss $13.1 billion on Monday and forecast weakness in the housing and mortgage markets to continue throughout 2010.

[Stayfree]

Huge flushing sound as Fannie Mae starts going down the toilet...

[bgill]

Fannie Mae reported a net loss $13.1 billion on Monday

IIRC, Hussein was at the top of their kickback list so don't kid yourself that he still isn't getting a nice check.

[tobyhill]

It's worse than anyone originally thought. Last week it was expected they only lost $10 billion.

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And don’t forget - some few billions of that IMF money is from US Tax revenues.

[TSgt]

I need to create a graphic that includes a toilet bowl detailing our economy.

We are hemorrhaging billions!

[mewzilla]

And with respect to the EU, it's not crisis averted. It's crisis postponed. All they did was kick the can down the road.

[Oatka]

All they did was kick the can down the road.

Until suddenly, that "can" becomes a 50-gallon drum of concrete. Coming soon.