Mortgage buyer Fannie Mae is reporting a loss of $8.7 billion for the January-March quarter, and asking for an additional $8.5 billion in federal aid. The new request is more than three times the $2.6 billion in government aid it sought in the final three months of last year.
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Full story at http://www.npr.org/2011/05/06/136066372/fannie-mae-has-loss-seeks-8-5-billion-in-u-s-aid?ft=1&f=1006
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