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  • Fannie Mae Slashes Quarterly Dividend

    The money has to come from someplace, and Fannie Mae, facing a $9 billion restatement of earnings for the years 2001 to 2004 and a demand from regulators that it increase its capital surplus by 30 percent, had a lot of money, some say $12.5 billion, to come up with. On Tuesday Fannie, whether on its...
    Posted to MND NewsWire by Glenn Setzer on Sat, Jan 22 2005
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