Fannie Mae

Fannie Mae, the largest provider of funding for US home loans, on Thursday said it would again tap the Treasury to plug a net worth deficit after bad mortgages and foreclosure .

Citigroup have plunged 75 per cent in just one year.

The three financial institution sseem to be riding on improving mkt conditions.

Initial optimism over the AIG plan and China's $586b stimulus package collapsed.

Lehman, which listed $613 billion in debt and $639 billion of assets in its bankruptcy filing, was once one of the biggest underwriters of mortgage-backed securities.

Asian stocks fell more than 1 per cent on Wednesday, hurt by financial shares ahead of results from Lehman Brothers, which has been rocked by the same crisis that led Washington to take over Fannie Mae and Freddie Mac this week.