Ok, let me get this straight. Fannie Mae:
lost $2.2B in Q1
borrowed $7B and cut dividend by 30% at the end of ‘07
will borrow $6B and cut dividend further this year
rating agencies put some of Fannie?s ratings on negative watch
$83B cushion for $5T in debt
OFHEO is optimistic, investors are excited?
Actually Fannie Mae's stock dropped 5.7% [...]
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