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Fannie Mae may go hunting for government money again

August 7, 2009 – 1:01 pm – No Comment
Fannie Mae may go hunting for government money again

Mortgage giant Fannie Mae wants to get its hands on nearly $11 billion in government aid after it posted a huge loss for the quarter. As of right now, the only entity that has gotten more government money than Fannie Mae and its little brother …

GM may have to cut thousands of jobs

February 8, 2009 – 4:02 am – No Comment

GM may have to fire 5,000 salaried workers soon. When the government loaned them $13 billion, GM was told that it would have to prove itself to be commercially viable. The cost cutting measure comes after GM’s sales for January dropped 49%.
GM, which saw its …