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.
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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.