Fannie Mae plans to tap more emergency capital
After posting an $18.9 billion loss in the third quarter, Fannie Mae is planning to once again tap emergency government funding. The $15 billion draw will bring Fannie Mae's total to $60 billion. "They're going to need that $200 billion in capital, if not more, when this thing's all said and done," said FBR Capital Markets analyst Paul Miller. Fannie Mae has suffered more than $100 billion in loses during the past two years.
Bloomberg | 11/06
This story published in SIFMA SmartBrief on 11/06/2009
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