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Fannie Mae Asks Taxpayers For Billions More

by Cindy Rodriguez, NPR
May 11, 2010

Fannie Mae has reported a first-quarter loss of more than $13 billion. The mortgage finance company said it needs an additional $8.4 billion from the government to help cover mounting losses. The new request brings the total cost of the rescue of Fannie and Freddie Mac to nearly $145 billion.

Broadcast Dates

  • Morning Edition, May 11, 2010
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