The AP reported, I assume with a straight face:
Government-controlled mortgage buyer Fannie Mae is asking for $2.5 billion in additional federal aid after posting a narrower loss in the third quarter.Fannie Mae said Friday it lost $3.46 billion, or 61 cents a share, in the July-September quarter. That takes into account $2.1 billion in dividend payments to the Treasury Department.These machinations are intended to do what? Make Treasury look better with a $2.1 billion collection, while another account, maybe from the Fed, shells out $2.5 billion. Politicians can manipulate and hide money. One can ask our newest National Security Adviser. Tom Donilon covered for Fannie Mae, while profiting immensely.
