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Fannie Mae Loses $59B in 2008

Fannie Mae Loses $59B in 2008

Loss included $25.2B in fourth quarter, prompting a government cash injection of $15 billion.

 

Bailout to Expand Fed, FDIC Roles

The $700 billion financial-sector bailout is likely to rely on a broad range of tools, from injecting additional capital into banks and helping homeowners avoid foreclosure to expanding the roles of the Fed, Fannie Mae, Freddie Mac and the FDIC.

 

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