Fannie Mae reported a $58.7 Billion loss for 2008, and has asked the government for an additional bailout of $15.2 Billion.
Also, Treasury Department said last week it was doubling its financial support to Fannie Mae and Freddie Mac, to $200 billion dollars each, in an effort to stabilize real estate markets.
General Motors is asking for an additional $16.6 Billion dollars plus $7.5 Billion in loans from the Energy Department to build more fuel-efficient cars (from today's Wall Street Journal - subscription required for link).
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1 comment:
thanks for your blog- it "stimulated" me enough today to email my state Rep, Senators, & President, plus get in contact with local teaparty organizers
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