Freddie Mac Asks for $10.6 Billion to Cover Loss

More tax payer money will be at stake as Freddie Mac continues to lose money. This article is short but it gives some revealing numbers, most notably that the running total for bailing out Freddie Mac and Fannie Mae is now at $126 Billion. That’s a lot of money!

http://hosted.ap.org/dynamic/stories/U/US_EARNS_FREDDIE_MAC?SITE=VTBEN&SECTION=HOME&TEMPLATE=DEFAULT

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