Friday, November 6, 2009

Fannie Mae posts $19 billion loss on bad loans

what is this item about?
this article is about fannie mae losing $18.9 billion dollors because of bad morgages and a federal forclosure prevention program.

why did you choose it?
i choose this article because i think it is important for people to know what is happening to their money and their morgages.

do you agree with whats happening in the news item you choose? why or why not?
yes i agree with whats happening in this news article because it is hard to pay for things if you dont have the money and if you keep giving away morgages your bound to lose alot of money.

do you think the info has been presented fairly? why or why not?
yes i think the info has been presented fairly becausethey said what happened and they put a whole section on what obama thinks would fix it.

would you use this news source again?
yes i would use this news source agin because cnn is a very reliable news source and they always keep their posts up to date.

3 comments:

  1. JOSH YOU ARS SUCH A COPY CAT....BUT GOOD JOB ANYWAY!!

    ReplyDelete
  2. Josh, I found the article, not your post, confusing. But one thing I did see that you didn't mention -- Fannie Mae is asking for more taxpayer money. Some of that is to pay for Obama's plan to help homeowners, but it seems that a lot of it is STILL to pay for past greed. What worries me, though, is that mortgages are continuing to go bad because of the economy.

    Grade: 10/10

    Zuri: I'm not seeing the post he's copying from!

    Grade: 2/2

    ReplyDelete
  3. Josh, I'm not sure my previous comment published. The article you chose was confusing, but you did leave out something important: Fannie Mae is about to ask the taxpayers for more money. Do you agree with that?

    Grade: 10/10

    Zuri: I can't see what he's copying from. :)

    Grade: 2/2

    ReplyDelete