Fannie Going For $15.3B More

Discussion in 'Current Events' started by Annie, Feb 27, 2010.

  1. Annie
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    Annie Diamond Member

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    More hope and change?


    Fannie Taps Treasury for $15.3 Billion More After a 10th Loss - Bloomberg.com

    Mustn't forget, these are the 'good guys' not those awful bankers:

    Fannie, Freddie Bonuses Total About $210 Million - WSJ.com

     
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  2. Ame®icano
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    Ame®icano Gold Member

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  3. American Horse
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    American Horse AKA "Mustang"

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    News reports call "Fannie" simply a "company," omitting the fact that it is a GSE, or Government Sponsored Enterprise, and all that government sponsorship implies. That seems to be lost in currrent reporting.
     
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    Last edited: Feb 27, 2010
  4. RodISHI
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    RodISHI Gold Member

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    Ripe for the unethical to pick clean.
     
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  5. Claudette
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    Claudette Gold Member

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    Lets not forget. The pet project of Chris Dodd, Barney Frank, Cris Cox and the entire Democratic party. Oh yeah. Lets just dump some more money into that crew. Minus the 80 million one of the directors was payed or took off with. Jeeze. No wonder the country is going broke.
     
  6. uscitizen
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    uscitizen Senior Member

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    But how can this be???

    I distinctly remember the experts predicting recovery in 4th quarter of 2007.
     
  7. Ame®icano
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    Ame®icano Gold Member

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  8. chanel
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    chanel Silver Member

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    With an unlimited piggy bank, this will go on and on and on...
     
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  9. Ame®icano
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    Ame®icano Gold Member

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    But wait, there is more...

    With Sallie Mae in financial troubles due to the student loan subprime lending, government expanded student loan financing to Fannie Mae. No wonder why...
     
  10. Yurt
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    Yurt Gold Member

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    why the heck do i have to repay my student loans? seems these guys keep getting bailed out....
     

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