This infuriates me. On top of that check out the link below.
Mortgage giant Fannie Mae reported its 12th consecutive quarterly loss and said it needs $1.5 billion from the U.S. Treasury Department to cover the cost of defaulted home loans. A $1.2 billion second-quarter loss was substantially less than the $14.8 billion loss posted in the same quarter last year. The company said it expects housing prices to "decline slightly" through the end of 2011.
Answer by QuinnMae at 12:37 PM on Aug. 6, 2010
Answer by miriamz at 12:40 PM on Aug. 6, 2010
Answer by NikkiVan1 at 12:45 PM on Aug. 6, 2010
It's sickening. They are a crucial problem that aided in our nation's financial woes....
Answer by grlygrlz2 at 1:04 PM on Aug. 6, 2010
Answer by Carpy at 1:30 PM on Aug. 6, 2010
Answer by sopranomommy at 1:34 PM on Aug. 6, 2010
How did they manage to spend a blank check? (sorry couldn't resist)
The best person to ask is Barney Frank.. But don't expect a REAL answer.... Because afterall Fannie and Freddie are "fine" to good ole Bwarney..
Answer by grlygrlz2 at 1:36 PM on Aug. 6, 2010
Answer by LoriKeet at 1:38 PM on Aug. 6, 2010
Answer by grlygrlz2 at 1:42 PM on Aug. 6, 2010
But Barney said Freddie and Fannie were ok!!!!!!!!!!!!!!!!! What, he wasn't being forthright and honest!!! OMG!!
Answer by jesse123456 at 1:45 PM on Aug. 6, 2010
Next question overall
How do I get my Mother to stop trying to push my sisters life on me?