Saturday, February 28, 2009

Fannie looks to government after loss

FANNIE Mae, the government-controlled company seen by President Barack Obama as a key conduit to stabilise US housing, on Thursday reported a US$25.2 billion fourth-quarter loss, forcing it to draw capital from the Treasury.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,321367,00.html?

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