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Fannie Mae Wants Another Taxpayer Bailout

February 14th, 2018
Categories: News

Link: https://www.blacklistednews.com/article/63774/fannie-mae-wants-another-taxpayer.html

Fannie Mae incurred a net loss of $6.5 billion in the final quarter of 2017 and announced Wednesday it is in desperate need of a taxpayer bailout.

Fannie Mae said Wednesday the Federal Housing Agency (FHA) is seeking a $3.7 billion infusion of taxpayer money from the U.S. Treasury to make up for the loss, which reportedly stemmed from the changes Republicans made to the corporate tax code.

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