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Fannie Mae posts $19.7 bn Q3 loss

NEW YORK: Bailed out mortgage lender Fannie Mae has reported losses of $19.76 billion for the September quarter, bogged down by staggering credit-related expenses. The ailing entity, which is surviving on billions of dollars-worth Federal funds, has requ ested the US government for another $15 billion. Fannie Mae's losses for the latest quarter under review were mainly on account of cred

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