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Forum Post: Fannie Mae loss widens, asks taxpayers for $7.8B

Posted 13 years ago on Nov. 9, 2011, 11:45 a.m. EST by JackPulliam3rd (205)
This content is user submitted and not an official statement

While the execs get $13 million in bonuses. Where's their NY office? Find it and march!

13 Comments

13 Comments


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[-] 3 points by JackPulliam3rd (205) 13 years ago

This is the kind of thing OWS needs to address. Make things hard for FM, not the local businesses around the park. Do. Something.

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[-] 2 points by MattLHolck (16833) from San Diego, CA 13 years ago

2010 Mission Report

Fannie Mae's 2010 Mission Report describes the company's efforts to provide liquidity, stability, and affordability to the nation's mortgage finance market. Some of the highlights of the report include our efforts to help:

2.1 million homeowners refinance their mortgages into more sustainable loans;

599,000 borrowers buy homes;

more than 500,000 homeowners avoid foreclosure;

support the rental housing market through $17 billion in multifamily financing

– in 2010, 91% of the multifamily units that Fannie Mae financed were affordable to families earning at or below the median income in their area; and prevent foreclosures, strengthen communities, and address homelessness through more than 69,000 employee volunteer hours.

http://www.fanniemae.com/portal/about-us/company-overview/mission-report.html

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[-] 0 points by JackPulliam3rd (205) 13 years ago

Oh never mind then. If that's what Fannie Mae says, everything must be hunky dory and all is well. Enjoy the $13 million bonus fellows! You've earned it.

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[-] 1 points by MattLHolck (16833) from San Diego, CA 13 years ago

It is over priced

I understand lobby companies

offer jobs to congressional staff at 3 times their current pay

after they finish working for the representative

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[-] 2 points by barb (835) 13 years ago

If they get it, the tax payors will have to pay it

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[-] 2 points by TheCloser (200) 13 years ago

JP, that 7.8b this quarter - that their quarterly grab into your wallet. They want US to pay for their inept market making. And congress couldn't supervise them then, why would they supervise them now?

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[-] 1 points by wdwgrotb (28) 13 years ago

Why don't we ask the billionaire s that just brought back into this country 375 billion and only paid 5.75%tax. instead of 35% what's up with this the tax alone would bail fannie out not taxpayers dollars...........thank Obama !!!!!!!!!!!!!!

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[-] 1 points by Windsofchange (1044) 13 years ago

Just how much cr@p can be dumped on the shoulders of the American Tax Payers? We will be taxed into the ground. This b.s. needs to stop once and for all.

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[-] 1 points by JesseHeffran (3903) 13 years ago

If this information is right, then it should be an even greater justification for the protests. The Revolving Door Syndrome is responsible; therefore, it does not lie solely on any one party. But rather the system is dysfunctional.

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