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Re: buyittradeit post# 32009

Monday, 11/10/2008 1:55:00 PM

Monday, November 10, 2008 1:55:00 PM

Post# of 84874
Fannie Mae said on Monday it is losing money so fast it may have to tap the government for cash to avoid shutting down after the largest source of funding for U.S. homes reported a record $29 billion loss.

The company, which along with rival Freddie Mac owns or guarantees about half of U.S. mortgages, reported its fifth consecutive quarterly loss. The government forced the two companies into conservatorship in September.
http://biz.yahoo.com/rb/081110/business_us_fanniemae_results.html?.v=4

The white man seeks to conquer nature, to bend it to his will and to use it wastefully until it is all gone and then he simply moves on, leaving the waste behind him and looking for new places to take. Chiksika (Kispokotha Shawnee),March 19,1779

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