"Fannie seeks up to $16b" by Bloomberg News | January 27, 2009
WASHINGTON - Fannie Mae, the largest source of money for US home loans, said yesterday it will need to tap as much as $16 billion in emergency funds from the Treasury Department to stay afloat as deterioration in the housing market persists. Fannie's planned request follows one from Freddie Mac, which said Jan. 23 that it will need as much as $35 billion more in federal aid....
Related: Frank Fiddled With Bailout Funds (And Other Frauds)
This will be Fannie's first draw on a $200 billion emergency fund set up by Treasury in September to keep the government-sponsored enterprises solvent....
HOW MANY BAILOUT FUNDS they got and WHERE'S YOURS, mortgage holders?
Freddie, which received $13.8 billion in November, will have used about half of its $100 billion lifeline from Treasury once it receives its second capital injection.
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