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Fannie Mae Asks Taxpayers for Another $7.8B
http://www.cnsnews.com/news/article/fannie-mae-asks-taxpayers-another-78b
Right after that…
Fannie CFO’s signing bonus: $1.7 million
http://www.politico.com/news/stories/1111/68461.html#ixzz1ds2QdJ10
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“Rather than diversifying risk, these government policies promote a concentration of risk… Both the savings and loan crisis and the Fannie-Freddie bailouts can be traced to congressional support for, and subsidization of, the 30-year fixed-rate mortgage… The solution is to wean the housing market from its dependence on subsidized 30-year fixed-rate mortgages, starting with winding down Fannie and Freddie over a period of five to seven years.”
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Mortgage giant Fannie Mae asks US government for almost $4.6 billion for 4th quarter
http://finance.yahoo.com/news/fannie-asks-govt-almost-4-152028535.html
[And whose “$4.6 billion” would that be, again?]
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Your Share of Fannie, Freddie Losses: $1,300
http://blogs.smartmoney.com/advice/2012/02/29/your-share-of-fannie-freddie-losses-1300/
[Yes, you may not even know what Fannie Mae or Freddie Mac are (soon to be “were”) but you owe Barack Obama (and George Bush and Bill Clinton) $1,300 for their persistent economic ignorance anyway.]
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