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Fri 11 Nov 2009Fannie Mae seeks $15bn in aid
US federal mortgage-finance company Fannie Mae said it will seek $15 billion in US Treasury aid and sell $2.6 billion in unused tax credits after posting its ninth straight quarterly loss.
A third-quarter net loss of $18.9 billion pushed Fannie Mae to request its fourth draw on a $200 billion government lifeline, according to a Securities and Exchange Commission filing today.
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