Article Image
News Link • Economy - Economics USA

Fannie Mae Seeks $15.3B in Gov't Aid After 4Q Loss

• AP

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.

The rescue of Fannie Mae and sister company Freddie Mac is turning out to be one of the most expensive aftereffects of the financial meltdown. The new request means the total bill for the duo will top $126 billion.

 

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


GoldMoney