Fannie Mae needs another $15 billion to cover losses due to loaning money to people who couldn’t afford to pay it back — and that’s just from this last quarter.
It ain’t over yet.
It’s W’s fault oh wait not him, its GHWB’s fault oh wait not him its Regans fault, oh wait (get the drift!)
With a rider on the unemployment bill ($2.4B) to fund a tax credit for homebuying ($24B,) it sure was a good thing some Blue Dogs and a few Republicans got involved to give the thing a dose of financial conservatism.
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