Freddie Mac seeks $1.5 billion from taxpayers

Categorized | STOP FORECLOSURE FRAUD

Freddie Mac seeks $1.5 billion from taxpayers

Freddie Mac seeks $1.5 billion from taxpayers

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]

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