tag:blogger.com,1999:blog-1194375569044391746.post7318084226576815163..comments2024-03-28T05:30:09.322-04:00Comments on Corporate Justice Blog: Three Years After Lehman: Assessing the Regulatory Reforms on the Next Financial CrisisSteven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1194375569044391746.post-3689368943313802122012-03-01T17:50:57.380-05:002012-03-01T17:50:57.380-05:00WASHINGTON (AP) -- Mortgage giant Fannie Mae said ...<i>WASHINGTON (AP) -- Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit ...</i><br /> <br /><i>Taxpayers have spent more than $150 billion to prop up Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. <b>The government estimates that figure could top $259 billion to support the companies through 2014</b> after subtracting dividend payments.</i><br /><br /><i>Fannie has received more than $116 billion so far from the Treasury Department, <b>the most expensive bailout of a single company ...</b></i><br /> <br /><i>Fannie Mae and McLean, Va.-based Freddie Mac own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans. <b>Along with other federal agencies, they backed nearly 90 percent of new mortgages over the past few years.</b></i><br /> <br /><i>Fannie and Freddie buy home loans from banks and other lenders, package them with bonds with a guarantee against default and sell them to investors around the world. <b>The companies nearly folded more than three years ago because of big losses on risky mortgages they purchased.</b> -- <a href="http://finance.yahoo.com/news/fannie-asks-govt-almost-4-152028535.html" rel="nofollow">Yahoo Finance</a></i><br /><br /><br />Bit Players.Che is deadhttps://www.blogger.com/profile/04988202144185675100noreply@blogger.com