Friday, February 26, 2010

Fannie Seeks $15.3 Billion in U.S. Aid After 10th Straight Loss - Bloomberg.com

Fannie Seeks $15.3 Billion in U.S. Aid After 10th Straight Loss - Bloomberg.com: "Feb. 26 (Bloomberg) -- Fannie Mae, the mortgage-finance company under federal conservatorship, said it will seek $15.3 billion in aid from the U.S. Treasury after posting a 10th straight quarterly loss. A fourth-quarter net loss of $16.3 billion, or $2.87 a share, pushed the company to request its fifth draw on an unlimited lifeline from the government..."
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This is going so well. I suppose we can file this in that bulging folder called "lagging indicators"?

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