Freddie Mac to ask for another $10 billion bailout funds

Discussion in 'Current Events' started by Yurt, May 7, 2010.

  1. Yurt
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    Yurt Gold Member

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    Freddie Mac to ask for another $10 billion bailout funds

    The second-largest provider of U.S. residential mortgage funds, Freddie Mac (FRE.N), is still not completely out of the woods. Having been able to keep its head above the water in tough economic conditions primarily on the basis of bailout funds, Freddie Mac asked for a further $10.6 billion in federal aid.

    Freddie Mac to ask for another $10 billion bailout funds | The Money Times

    wtf...how many billions is it going to take?

    Estimates of the Congressional Budget Office reveal that the total strain on taxpayers for bailing out Freddie Mac and Fannie Mae will be to the tune of $389 billion through 2019.

    what the hell is wrong with our leadership?
     
  2. Toro
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    Toro Diamond Member

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    Pretty sad.
     
  3. Yurt
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    Yurt Gold Member

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    has it become that we can't let them fail now becuase we've given them so many billions?
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    There is none, that's what.
     
  5. Toro
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    Toro Diamond Member

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    I think its because the government wants to support the mortgage market.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    Bull...It's because they don't want to admit that Fannie/Freddie were and continue to be terrible ideas.

    Gubmint is like that.
     
  7. The T
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    The T George S. Patton Party Supporting Member

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    Even though they should keep their noses OUT of it?
     
  8. The T
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    The T George S. Patton Party Supporting Member

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    "Too big to Fail". I say let them FAIL. Let the onus be upon the heads of the Government for the failure.
     
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  9. Yurt
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    Yurt Gold Member

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    by supporting two so called corporations that continue to fail? how does that support the mortgage market?
     
  10. Yurt
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    Yurt Gold Member

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    true

    we have a potus who claimed he has more experience than a mayor and a governor because he has managed his multimillion dollar campaign
     

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