WWW - Posts tagged Federal loans at BloggingStocks

federal loans posts

AIG Repaying $4 Billion to Government

Posted Aug 23rd 2010 5:00PM by Mark Fightmaster (RSS feed)
Filed under: Amer Intl Group (AIG)

Monday morning, embattled insurer American International Group (AIG) announced that it is repaying $4 billion in bailout loans to the government.

The loans will be repaid thanks to a recently completed $4.4 billion debt sale at International Lease Finance Corp. -- the company's aircraft leasing company. This payment should cut AIG's remaining balance with the Federal Reserve Bank of New York to $15 billion (or so).

Continue reading AIG Repaying $4 Billion to Government

Flash: Fannie Mae cuts dividend

Posted Dec 4th 2007 6:14PM by Douglas McIntyre (RSS feed)
Filed under: Federal Natl Mtge (FNM)

CNBC reports that Fannie Mae (NYSE: FNM) has cut its dividend from $.50 to $.35. Shares are off 4.4% to $33.66.

The company has 975 million shares outstanding.

The company also plans to raise $7 billion according to Bloomberg.

Fannie Mae's shares have been under pressure because of write-offs related to the sub-prime mortgage fiasco. Fortune recently wrote that the company could face another $5 billion in write-offs.

Douglas A. McIntyre is an editor at 247wallst.com.