WSJ: Fannie Mae Posts 72 Billion Dollar Loss for 2009
Fannie Mae suffered losses due to “unemployment and continued defaults from many borrowers who owe more on their mortgages than their homes are worth.”
![The government has agreed to absorb unlimited losses for the next three years and up to $400 billion after that. So far, the companies [Freddie Mac and Fannie Mae] have taken a combined $127 billion in Treasury support](http://graphics8.nytimes.com/images/2008/07/14/business/13fanni.exlarge1.jpg)
The government has agreed to absorb unlimited losses for the next three years and up to $400 billion after that for Fannie Mae and Freddie Mac.
