Here we go again - Freddie Mac needs another $6.1B

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Bailout News, The Economy, Real Estate May 12th, 2009

I found this on CNNMoney:

NEW YORK (CNNMoney.com) — Freddie Mac asked for another $6.1 billion in government aid Tuesday, after reporting a $9.9 billion quarterly loss.

Including the most recent request, Freddie Mac (FRE, Fortune 500) has drawn $51.7 billion of its $200 billion lifeline from the Treasury Department. Last quarter, when it reported a loss of $23.9 billion, the company asked the government for $30.8 billion.


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One Response to “Here we go again - Freddie Mac needs another $6.1B”

  1. MelodyofLove Says:
    May 12th, 2009 at 10:14 pm

    http://www.youtube.com/watch?v=MFPi6mcNubo

    Wow, she sold them and is now defending them. She is following the money.

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