Eugene David
...The One-Minute Pundit

Thursday, November 05, 2009


Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac [typical ASSPress SIC!!!!!] have proven far worse than most experts had foreseen. Fannie Mae's request Thursday will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance.

And Fannie Mae cautioned: "We do not expect to operate profitably in the foreseeable future."


How many points will this add to the new massacre rally tomorrow?

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