Fannie Mae seeks $10.7B in aid

Fannie Mae says it needs an additional $10.7 billion in government aid after posting a loss of $15.2 billion in the second quarter as the taxpayer bill from the housing market bust keeps growing. The mortgage finance company, seized by federal regulators last September, posted a quarterly loss of $2.67 per share. That compares with a loss of $2.6 billion, or $2.54 per share, in the year-ago period.