O Budget

clipped from www.qando.net A few days after Freddie Mac requested $10.6 billion, Fannie Mae has asked for $8.4 billion: Fannie Mae requested another $8.4 billion from the federal government on Monday, saying that due to trends in the housing and financial markets, the company expects its deficits to continue. The government-controlled mortgage giant announced Monday that it lost $13.1 billion applicable to common shareholders in the first quarter of 2010. The request cames just four days after Fannie’s twin Freddie Mac also asked for a handout – to the tune of $10.6 billion – after posting an $8 billion quarterly loss. Don’t forget, this is off budget money – even though it adds to the deficit, its not counted – yeah, you figure it out. Also remember that while Democrats rail against Wall Street and it’s culpability in the financial collapse, it was Freddie and Fannie which were implementing the policy of the US Government