"Fannie Mae posts $2.3b loss; Company will end Alt-A home loans" by Bloomberg News | August 9, 2008
WASHINGTON - Fannie Mae, the largest US mortgage finance company, reported a wider-than-expected loss and slashed its dividend 86 percent yesterday, saying the worst housing slump since the Great Depression is deepening.
Paul Miller, an analyst at Friedman, Billings, Ramsey & Co. in Arlington, Va.:
"This thing is going to get worse and last longer and deeper than they originally thought."
Not ALL of US!!!!
--more--"
