2009-05-08ml-implode.com

"In its Q1 balance sheet published today, Fannie Mae reported its liabilities exceeded assets by $18.9 billion. To plug that hole, the company put in for $19 billion cash from Treasury. This request follows the $15.2 billion infusion Fannie received 6 weeks ago. Taxpayers should anticipate further payments—the Obama administration has committed $400 billion total to Fan/Fred."


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