[library user]

The below quote is important. It shows there is no recovery. In fact, we are going in the total opposite direction.

Mortgage buyer Fannie Mae reported a loss of $8.7 billion for the January-March quarter, and asked for an additional $8.5 billion in federal aid.

The new request is more than three times the $2.6 billion in government aid it sought in the final three months of last year.

So, three months from now, Fannie will be asking for $25B in federal aid? It sure looks that way.

[yup2394871293]

Kill it.

[EGPWS]

So what it's only money.

Whats truly important is they don't discriminate when they loan money and that a politician can buy some votes.

We tax payers can take care of the financial issues.

[bopdowah]

Can someone tell me why we should not let these two entities, Fannie Mae and Freddie Mac go bankrupt and disappear? Their credibility is shot. What are they offering that is worth what they are asking from the taxpayers to bail them out?

[Sopater]

...asked for an additional $8.5 billion in federal aid.

Gosh guys... are you sure that's enough? (/sarc)

[bopdowah]

The way things are going, at some point in the future I am going to stop paying my mortgage. Why could I not instead buy my mortgage from Fannie or Freddy for 50c on the dollar or half what I owe?

[Dick Bachert]

S H U T

I T

D O W N!!!!!!

[Dick Bachert]

S H U T

I T

D O W N!!!!!!

[Soothesayer9]

Fannie Mae...any relation to Sallie Mae? I think I see a few things in common.

[upchuck]

No
More
Bailouts!!

[Logical me]

King Obama will give it to them. This the GOP candidates should make an issue in debates right up to the election.

[nkycincinnatikid]

Ahhhh...
I remember fondly the good old days when the financial geniuses here on FR mocked anyone who suggested that Fannie was not a chaste lady of independent means, but rather a Gubmint ho.

[vpintheak]

Hmmm... Maybe the program is broken and doesn’t work? Sane guy sez.......KILL IT NOW!!!!!!!!!!!!!!!

[drypowder]

They need money for bigger bonuses for the managing group.

[lurk]

We need a Federal Dept of Bad Ideas, whose job is to shut down stuff that is a waste of taxpayer money.

[Liberty Valance]

And Chris Dodd and Barney Frank are still walking around free.

SHUT IT DOW! STOP THE BLEEDING NOW!

[CharlyFord]

Why don't they go back to the people that drove Fannie Mae into the ground and get back the money they scammed. Jamie Gorelick scammed them for $26,466,834. Make her give it back. Send her to jail.

[steveab]

“The company said it lost $8.7 billion in the first three months of the year.”

Our cost to run the federal government is $1.4 trillion and our Elected Elites are going to cover Fannie’s lost (off budget item). Were are they getting the money? And not 1 politician is going to jail.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[penelopesire]

We all knew this was going to happen!

They never fixed squat! Still handing out loans to folks that will never pay us back! The pubs should really jump on this!