Yes, what you are about to read is true. It is not from the National Enquirer.
Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government's $100 billion lifeline in the coming months.
Fannie Mae's fell to $9.4 billion at the end of September down from $44.1 billion at the end of last year. If that number turns negative,
Fannie Mae would be forced to obtain funding from the Treasury Department.
total aid for Fannie and its sibling company Freddie Mac is unlikely to exceed the $200 billion initially pledged by the government.
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