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Fannie Mae (FNMA.OB) will go Oliver Twist like to the government for another $4.6B after making...

Fannie Mae (FNMA.OB) will go Oliver Twist like to the government for another $4.6B after making a net loss of $2.4B in Q4 and $16.9B in the whole of 2011. That's up from $14B in 2010, although Fannie estimates that it has now "reserved for the substantial majority of the remaining losses" on its pre-2009 loans. (PR .pdf)
Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Fannie Mae (FNMA.OB) will go Oliver Twist like to the government..."

     

    I'm impressed young skywalker.

     

    Please sir, a little more...

     

    (I'm struggling with the phrase)

     

    OliverTwist-like?
    29 Feb 2012, 11:22 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    another QE III...just thru a back door....we print..we print..we print....so do they now....
    29 Feb 2012, 11:24 AM Reply Like
  • elt10
    , contributor
    Comments (24) | Send Message
     
    What I want to know is where is Frank Raines and the $165MM he collected as "bonuses" for all of the "successful" loans Fannie was making under his "expert guidance" (thanks Ms. Waters)? Since essentially ALL of that paper has come flying back in Fannie's face (pun unintended), and those profits were all bogus, why do he and his minions get to keep their ill-gotten gains?
    29 Feb 2012, 05:56 PM Reply Like
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