Fannie Mae seeks $5.1 billion more from taxpayers

[cableman24]

Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009.


Fannie Mae paid back $2.3 billion in dividends to taxpayers in the second quarter, reducing its net capital draw to $2.8 billion. Since the firm was seized by the U.S. Treasury in 2008, it has needed about $104 billion in government capital injections, although it has paid back about $14.7 billion in dividends.


(More at the link)
http://m.cnbc.com/us_news/44032122

[cableman24]

1. is it worth it to anyone to pay that out?

[banned from Kos]

2. US guaranteed their bonds many years ago - we fucked up

they were deemed as sound as Treasuries by the govt so investors would finance mortgages.

Fitting that the GOP complained about FNM/FRE forever now won't do shit about them. Why? We would have to pay off bondholders.

[Lance_Boyle]

3. Die already Fannie.

And take Freddy with you.