2009-02-26 — cnn.com
Fannie Mae had said it would need up to $16 billion to cover its fourth quarter losses. Freddie Mac, which has accessed nearly $14 billion and has said it may need up to $35 billion more, should report its results in coming weeks. The companies need the funding because their liabilities exceed their assets, giving them a negative net worth.
What, you thought "government guarantees" were free?
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