Tuesday, November 11, 2008

Barney and Dodd's Legacy: Just Pay More, Suckas!


What a surprise, Gomer!

Fannie Mae may need more than the $100 billion in funding pledged by the U.S. Treasury to stay afloat after reporting a record $29 billion loss and confronting more difficulty in issuing and refinancing debt.

``This commitment may not be sufficient to keep us in solvent condition or from being placed into receivership,'' if there are further ``substantial'' losses or if the company is unable to sell unsecured debt, Washington-based Fannie said in a filing today with the U.S. Securities and Exchange Commission.

Barney Stiff-Lips and Hair-so-Slick Chris Dodd were supposed to be watching Fannie.

Note to actual Conservatives: put this little item in the '10 campaign file...

HT: Calculated Risk

No comments: