Just last week it’s twin Fannie Mae asked for $5.1 billion more from taxpayers.
Bringing the tally to a grand total of $142 + BILLION combined since 2008!!
right?
Reuters–
Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would ask for an additional $1.5 billion from taxpayers due to losses stemming from the weak housing market.
The company reported a comprehensive loss in the second quarter of $1.1 billion. Despite income of $1 billion, the company registered a net worth deficit that it must ask the government to make up, bringing the total it has needed to seek to $66.2 billion.
[REUTERS]
