Fannie wants another $15B. Fannie Mae (FNM) plans to tap emergency funds for a fourth time this year, bringing its draws of taxpayer money to $60B. According to an SEC filing late yesterday, Fannie Mae will seek $15B in Treasury financing after posting an $18.9B Q3 net loss. Analysts say the government-sponsored lender will likely tap its entire $200B lifeline, and may still need more.

When will our leaders finaly see that throwing good money after bad will not solve the housing problem? Just this morning the TARP people have been touting that they've collected $17 billion in fees and interest versus just $2.3 billion in proven losses so far.

When do they start counting the massive FNM, AIG and FRE losses?

How can they think they'll ever see a profit on C or BA?

Vote out every incumbent at every new election until they get the picture.

We're mad as hell and we're not going to take it anymore!

[www.BeatingBuffett.com]

Stocks Discussed: FNM,

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