Friday, May 8, 2009

“The banking crisis is over” yeah, right.

Fannie Mae taps Treasury for further $19bn

Fannie Mae said on Friday it would draw a further $19bn of assistance from the US Treasury after a seventh consecutive quarterly loss – $23.2bn in the first quarter – drove its net worth below zero. Fannie said it expected more red ink in future quarters, which would require further help from the government.

Posted by devo @ 05:12 PM (873 views)
Please complete the required fields.



2 thoughts on ““The banking crisis is over” yeah, right.

  • Not even asking for it – no ‘request’ for taxpayer money, no ‘please’ no ‘appeal’ for taxpayer assistance, just a bankrupt corrupt company drawing money from taxpayers.

    If this happened 100 years ago people would have armed themselves with pitchforks and stormed congress.

    Reply
    Please complete the required fields.



  • I was watching Bloomberg earlier and one of the presenters said that the bailouts and stimulus packages have so far cost 13 trillion+ dollars. This was said without a hint of ‘HOLY SHIT, THATS A HUGE AMOUNT’. Has the world gone mad or have we been programmed after years of insulting bonuses paid to fat cats and bankers and the last few years of ‘free’ money for insolvent companies who now know they are just ‘too important’ to fail. 13 trillion, what the f*ck?

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>