U.S. taxpayers could be on the hook for up to another $215 billion in aid to housing finance giants Fannie Mae (OTC BB:FNMA.OB - News) and Freddie Mac (OTC BB:FMCC.OB - News) through 2013, their regulator said on Thursday.
The companies, which were seized by the federal government in September 2008 to save them from collapse, will likely have total capital needs of between $221 billion and $363 billion through 2013, the Federal Housing Finance Agency estimated.
The estimate includes the $148 billion that the two companies, the largest providers of U.S. home loan funding, have already received in the form of preferred stock purchases by the U.S. Treasury. FHFA projections exceed expectations of analysts at Keefe, Bruyette & Woods, who in August predicted the total would reach "roughly $200 billion" by the end of 2010 before stabilizing.
True 2 Beauty, Inc. (Pinksheets:TRTB.PK) a leading manufacturer and distributor of male sexual potency pills and liquid products in the United States, reported the appointment of Mr. Alex Hbaiu as President, CEO and Director. Mr. Hbaiu has always enjoyed and found much success in entrepreneurship. He is a graduate of the highly prestigious Milton Hershey Boarding School. Alex was provided a full academic scholarship to attend Dickinson College where he studied Biochemistry and Economics. Mr. Hbaiu has had several accomplishments while working for Eli Lily Research Labs, publishing several research articles and findings during his employment with the institute. Alex has had the opportunity to work with some of the most talented and educated doctors and scientists in the world. The founder of Libigrow, Mr. Hbaiu started with very little capital and has led the growth to over $10,000,000 in sales by word of mouth advertising only.
Regarding this appointment Mr. Hbaiu stated, I am honored to accept this position and with the resources being provided by True 2 Beauty we are confident in ramping up our production quickly to fill our growing order book as a result of our very successful debut at the National Association of Convenience Stores (NACS) trade show in Atlanta last week.
True 2 Beauty, Inc. is a leading manufacturer and distributor of male sexual potency pills and liquid products in the United States. The True 2 Beauty, Inc. line of current products includes Libigrow, Libigirl, Libiliquid Shots and the Libiliquid Relaxation Drink.
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