"You Made More in 2010 Than Fannie Since 1970: Chart of the Day" But Can You Get Another $1.5 Billion From the Treasury? (FNMA.OB)

A twofer from Bloomberg:

Fannie Mae Seeks $1.5 Billion From U.S. Treasury After 12th Straight Loss

And a chart that describes fantasy economics better than I ever will.
You could visualize Bernie Madoff or the California economy in the same general way:

House Financial Services Committee Chairman Barney Frank, who begins drafting legislation next month to overhaul Fannie Mae and Freddie Mac, said in 2003 the mortgage companies were “financially sound.” How wrong was he?

The CHART OF THE DAY shows Fannie Mae’s cumulative profit since going public in 1970. In 2008 alone, the company lost $58 billion, erasing its cumulative profit as a publicly traded company. In 2009, it lost $72 billion more....CHART