Housing Bailout At Taxpayer Expense

The home loan guarantee company Fannie Mae is in need of billions more in taxpayer bailouts.  It appears taxpayers will continue to provide bailouts.  Forever.

Fannie Mae taps $7.8 billion from Treasury, loss widens

Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.