Fannie Wants More Money

by Big Dog on Feb 26, 2010 at 21:27 Political

Fannie and Freddie have been cash cows for friends of Democrat politicians. They go there and make millions and then leave. These two entities have been bailed out time and again since the stimulus and now Fannie wants more money:

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, Washington-based Fannie Mae said in a filing today with the Securities and Exchange Commission. Bloomberg

These two organizations are the ones Barney Frank said were not in trouble. These are the ones that Democrats protected and claimed were solvent.

They made these claims despite George Bush’s concern over their financial health.

We know what happened to them and now they want more money from the taxpayers.

Is the government the organization you want running your health care?

Big Dog

Gunline

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This entry was posted on Friday, February 26th, 2010 at 21:27 and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Fannie Wants More Money”

  1. Barbara says:
    Friday Feb 26th, 2010 at 22:43

    Rich people never have enough money. They always want more. This is what leads to trouble.

  2. Bunny Colvin says:
    Sunday Feb 28th, 2010 at 03:41

    Glad to see that Barb is still droppin the knowledge. This is a capitalist country, if you don’t want to chase the cash then move to Cuba.

    What happened to Flake, BigDog? Did he hit the big time? I’ll have to look for him in James O’Keefe’s next “journalistic” endeavor.