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(AFX UK Focus) 2008-11-10 18:42 UPDATE 3-Fannie Mae posts record $29 bln loss in 3rd qtr (Interactive Investor) NEW YORK, Nov 10 (Reuters) - Fannie Mae said on Monday it is losing money so fast it may have to tap government cash to avoid shutting down after the largest source of funding for U.S. homes posted a record $29 billion quarterly loss. Fannie Mae, which along with rival Freddie Mac owns or guarantees about half of U.S. mortgages, reported its fifth consecutive quarterly loss. The government ...
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Economic authorities paint bleak picture at HSU economic forum (The Eureka Reporter) Category: Local News Topics: (none) “We’ll have to rewrite the textbooks,” economics professor Erick Eschker said Wednesday.
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