First AIG. Now Fannie: Fannie posts $29B 3Q loss, $100B may not be enough

Discussion in 'Wall St. News' started by achilles28, Nov 11, 2008.

  1. Fannie posts $29B 3Q loss, $100B may not be enough
    Monday November 10, 9:07 pm ET
    By Alan Zibel, AP Real Estate Writer


    WASHINGTON (AP) -- Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and warned that its $100 billion lifeline from the government may not be sufficient for its solvency should it continue to lose money.
    http://biz.yahoo.com/ap/081110/earns_fannie_mae.html