Saturday, November 5, 2011

More Taxpayer Aid to Freddie Mac?

Freddie Mac Requests $6B More in Taxpayer Aid
11/03/2011 By: Carrie Bay

The nation’s second largest mortgage company is asking the U.S. Treasury for another $6 billion in capital support after posting its largest quarterly loss in over a year.

Freddie Mac said Thursday that it recorded a net loss of $4.4 billion for the quarter ended September 30, 2011, compared to a net loss of $2.1 billion over the previous three-month period and $2.5 billion for the third quarter of 2010.

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