So just between you and me.... this might (or might not of) happened Friday after 4 PM.
- Government-controlled mortgage buyer Fannie Mae is asking for $2.5 billion in additional federal aid after posting a narrower loss in the third quarter.
- The $2.5 billion in additional aid that Fannie is asking for compares with a request for $1.5 billion in the second quarter.Fannie Mae said Friday it lost $3.46 billion, or 61 cents a share, in the July-September quarter. It compares with a loss of $19.8 billion, or $3.47 a share, in the third quarter of 2009. (second derivative improvement, yo!)
- Thus far, the 2 government agencies have request $133.4 billion