Fannie Mae posts $23.2 Billion First Quarter Loss

You will recall the mortgage finance giant was taken over by government regulators in 2008 in a $200 billion deal that included Freddie Mac.  Fannie Mae lost $59 billion last year.  The recent losses come despite Fannie Mae’s receipt of $15 billion dollars in bail out money earlier this year.  Now Fannie Mae seeks an additional $19 billion dollars in aid.

At what point does “aid” turn into a recurring subsidy?