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Posted on November 6, 2010 | tags


Biz: Fannie Mae’s losses like a depressing slow-motion car crash

  • $3.5billion lost in the most recent quarter; that’s great!
  • 13 number of quarterly losses the government-owned mortgage finance firm has had in a row
  • $19.8B the amount of money it lost in the same ultra-depressing quarter about a year ago
  • $89B the amount of money the government has poured into Fannie Mae during the recessionĀ source
  • Ā» Oh yeah, they need more help. We can’t imagine how much fun it is to work at Fannie Mae right now. The company, after all the loans they’ve already gotten from the government, needs another $2.5 billion from the U.S. Treasury. And their buddy Freddie Mac had an even bigger loss last quarter, with $4.1 billion falling in their depressing money pit.
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