Wednesday, November 09, 2011

Fannie Mae taps another few billion.

Fannie Mae taps $7.8 billion from Treasury, loss widens

I can't even get a grip on all the things wrong with this scenario.

1. What were they doing holding derivatives?
2. What were they doing paying dividends during a loss?
3. Why are they still taking losses from 3 years ago?
4. Why are we paying for it?

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