And Freddie Mac is probably not far behind, AP reports:
Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing. . .
Fannie Mae’s new request for $10.7 billion from the Treasury Department will bring the total for Fannie and Freddie to nearly $96 billion. Freddie is expected to report its quarterly results on Friday.
(Via Instapundit.)
Fannie and Freddie are doing such a terrific job, they are the model for the cooperatives being considered for health reform on the Senate side.
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