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.
August 07, 2009
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