Is Fannie Mae Going Broke?

We've reported on the stance of Fannie Mae before and how the slippery slope of the credit market really is. And to know someone cares out there, about your Fannie Mae mortgage - well, that's downright nice.

Now, if you're an investor in Fannie Mae; you won't like this post.

But if you're like the majority, this comes are great news. Fannie Mae today announced that they are going to raise capital so that they will have more money to remain solvent.

They are also going to cut dividends. That hurts their shareholders, but these are desperate times, no?

Chief Executive Daniel H. Mudd said that selling off stock to raise some $6 billion is a step in the right direction.

Is the end in sight?