Fannie and Freddie: More, Please

[JBeukema]

The government sponsored entities Fannie Mae and Freddie Mac continued to post frighteningly high losses in the first quarter and require gobs more cash from the government. Today, Fannie reported (.pdf) a net loss of $11.5 billion. It will also need an additional $8.4 billion in aid. This comes after Freddie reported a loss of $6.7 billion and said it needs another $10.6 billion from the Treasury last week. There's no end in sight for the pain, but there is an amendment pending in the Senate that seeks to address the GSE problem.

Fannie, like Freddie, Reports Another Huge Loss and Needs More Cash - Business - The Atlantic