Obama’s economy heads further south

Steve McCann:

Fannie Mae, the now government owned mortgage finance company, has posted a loss of $2.4 Billion for the 4th Quarter of 2010. They have also requested another $2.6 Billion in aid from the Federal Government. Since 2008 Fannie Mae and its sibling company Freddie Mac have taken over $289 Billion in subsidies from the American taxpayer with no end in sight.

Coincidentally Fannie Mae has released new data from a survey they took in January 2011. As compared to a year ago the American people are more pessimistic about the outlook for housing and the economy.

[...]

MORE

Advertisement