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Fannie and Freddie Need Another $14 Billion, but Losses May Be Slowing

This news slipped past the mainstream media. Original story from The Atlantic Although their performance was worse in the third quarter, it had more to do with derivatives than the housing market. Late Tuesday, U.S. taxpayers got some more bad news: Fannie Mae announced a big quarterly loss and requested another $7.8 billion from taxpayers. [...]
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