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Under Federal Watch, Fannie Mae Has Now Lost $111 Billion

Anthony Randazzo
November 11, 2009, 6:44pm

The good news is that Fannie Mae lost $10 billion less than before. The bad news is that the GSE still lost nearly $20 billion and is asking for another $15 billion in "help us" money:

Last week, Fannie Mae posted a quarterly loss of $19.8 billion—which believe it or not was an improvement on the $29.4 billion that it lost a year earlier. Last quarter's results came with yet another request for government aid—$15 billion worth. That brings the total tab for Fannie and Freddie to $111 billion since they were put into conservatorship in September 2008.

Read the whole story here.


Anthony Randazzo is Director of Economic Research


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