Tuesday, May 11, 2010

Fannie Mae May Need $8.4 Billion in Aid

According to USA Today, Fannie Mae has asked taxpayers for an additional $8.4 billion after reporting a 1st quarter loss. There is debate within the government on whether to reform both Frannie Mae and Freddie Mac. Obama's administration says it is too early; Republicans say it should be part of the overhaul currently in front of Congress.


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