YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Fannie Mae officials announced the company will seek $3.7 billion from taxpayers after reporting a $6.5 billion net loss in its most recent quarter.
Under government conservatorship since the 2008 financial crisis, Fannie Mae officials said the Federal Housing Finance Agency, which oversees its operations, would pursue the taxpayer funds.
Rep. Jeb Hensarling, R-Texas, of the House Financial Services Committee, called the proposal a “bailout request.”
“Americans deserve better,” he said in a statement. “That’s why Congress can and should enact comprehensive housing finance reform this year to create a sustainable housing system.”
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What an incentive to pay taxes - so government agencies like Fannie Mae [Whom we have bailed out before] can mismanage what they get and instead of fixing the problem that caused it they just ask for more. Sounds like some teenagers I've known except times a BILLION.