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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (382711)	5/5/2008 7:03:23 PM
From: combjelly	Read Replies (1) \| Respond to of 1575607

"Was this Mardi Gras?" The German equivalent.

To: tejek who wrote (382711)	5/6/2008 8:05:23 AM
From: Taro	Respond to of 1575607

Yes, the German version. Taro

To: tejek who wrote (382711)	5/6/2008 8:52:59 AM
From: Road Walker	Read Replies (2) \| Respond to of 1575607

Fannie Mae loses $2.2B in 1Q; warns of "severe weakness" By MARCY GORDON, AP Business Writer 37 minutes ago Fannie Mae said Tuesday it lost $2.2 billion in the first quarter as home-loan delinquencies mounted and home prices declined more sharply than the mortgage finance company had expected. The company said it expects "severe weakness" in the housing market to continue this year, bringing increased mortgage defaults and foreclosures. Fannie Mae, the largest U.S. buyer and backer of home loans, said it would raise $6 billion by selling new stock. The company will cut its dividend, starting in the third quarter, to 25 cents a share, to generate around $390 million a year. Fannie Mae's first-quarter loss contrasts with a profit of $961 million in the January-through-March period last year. Fannie Mae reported on Tuesday that the early 2008 loss was equivalent to $2.57 a share. It earned 85 cents a share a year earlier. Thomson Financial said Wall Street analysts had expected the government-sponsored company to lose 81 cents a share in the latest period. Washington-based Fannie Mae was forced to set aside billions to account for bad loans. Shares tumbled nearly 11 percent, or $3.04, to $25.25 in premarket trading.