Freddie Mac wants more money from Uncle Sam (company, recession, job)

[HappyTexan]

Doesn't look like we'll ever see repayment here..like flushing money down the toilet.



U.S. Freddie Mac ask for 10.6 billion dollars more in aid

"The company said it would need the new funding by June 30 this year. Moreover, "Freddie Mac expects to request additional draws," it said in a statement.

The Congressional Budget Office estimated in January that the direct U.S. aid to Freddie Mac and its large rival Fannie Mae (NYSE:FNM) might total 389 billion dollars by 2019."

[treasurekidd]

What's the difference? Fannie and Freddie ARE Uncle Sam when you get right down to it. And the government, namely the SEC, Timothy Geithner, and the Congressional folls like Barney Frank and Maxine Waters have done a great job deflecting blame from themselves and their little pet GSE's. If you want to be mad about our subprime housing meltdown and the resulting recession, this is the place to look people - not Goldman Sachs.

[malconsine]

If you are caring for me ..Give me a call to my mobile number now