Fannie Mae seeks $10.7B in US aid after 2Q loss - Yahoo! Finance: "The mortgage finance company, seized by federal regulators last September, posted a second-quarter loss of $15.2 billion, or $2.67 per share, including $411 million in dividend payouts. That compares with a loss of $2.6 billion, or $2.54 per share, in the year-ago period.
The government, which seized control of Fannie Mae and its sibling Freddie Mac last September, has already spent about $85 billion to prop up the two companies."
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How does this sound? "We are dependent on the continued support of the Treasury in order to continue operating our business." Thus spake Fannie Mae.
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