Net Worth Sub-Zero, Fannie Ask For $15.2 Bln

02 Mar 2009

The latest quarterly losses have sent Fannie Mae’s net worth to below zero, and prompted the government-sponsored entity to request $15.2 billion in aid.

The latest quarterly losses have sent Fannie Mae’s net worth to below zero, and prompted the government-sponsored entity to request $15.2 billion in aid. In the fourth quarter, Fannie Mae racked up $25.2 billion in losses, compared with $3.6 billion a year ago, as a result of declining ...

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