The mainstream news has been derelict in showing the public the corruption and fraud that took place within these agencies. These are of course things non partisan professional journalists would have done however the mainstream news reporters now are paid corporate shills. I have a few links I hope you will view after reading this article. 1. US mortgage finance firm Fannie Mae has asked the Treasury for another $10.7bn, (£6.4bn) as it announced a loss for the second three months of 2009.
Fannie Mae reported a loss of $15.2bn, but it was smaller than the $23.2bn it lost in the previous quarter.
It is the third time that Fannie Mae has requested government aid in recent months. It received $15.2bn in March.
Fannie Mae and Freddie Mac buy mortgages from approved lenders then sell them to investors. Together they underwrite more than
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