From minyanville.com
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Last night Bloomberg printed an article about Fannie Mae (FNM) and Freddie Mac (FRE). Here are the lowlights:1. There were 2.6 million defaults on residential mortgages in the first nine months of 2009;2. Fannie Mae recorded $101.6 billion in losses over the past eight quarters;3. Fannie Mae has taken $44.6 billion of Federal Aid since April 2009;4. Fannie Mae now says it needs $15 billion more in Federal Aid (which makes sense as $45 billion...
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