May 5th, 2010
05:24 PM ET

Freddie Mac to ask for $10.6 billion in additional federal aid

Mortgage giant Freddie Mac announced Wednesday that it will seek $10.6 billion in additional federal aid, according to a statement on the company's website.

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Filed under: Economy
soundoff (125 Responses)
  1. sysin3

    Well, sure. Because they have all those highly valuable loans on the books. Loans that were probably bought at par and are now worth maybe 60 cents on the dollar .... if things don't get worse ... which they will.

    Your tax dollars at work.

    May 5, 2010 at 5:39 pm | Report abuse |
  2. bb

    Why Freddie Mac asks for more taxpayers' money?

    May 5, 2010 at 5:39 pm | Report abuse |
  3. Wendy

    I hope they don't give it to them!

    May 5, 2010 at 5:52 pm | Report abuse |
  4. Edward C.

    I wonder how many bonuses got paid with their last bailout????

    May 5, 2010 at 5:53 pm | Report abuse |
  5. Greg

    Why does Congress go after Goldman but not Freddie Mac? You and I are paying to keep this failed organization alive, with no evidence as to why this is necessary, or that they have learned the error of their ways.

    May 5, 2010 at 5:53 pm | Report abuse |
  6. Tired_of_Corporate_Bailouts

    LET THEM FAIL!!!!!

    May 5, 2010 at 5:54 pm | Report abuse |
  7. john ensign

    this must be the recovery they are talking about...a tax payer bailout job loss recovery...oh, I get it now...

    May 5, 2010 at 5:54 pm | Report abuse |
  8. ac

    Why Freddie Mac asks for more taxpayer's money?

    Because, they can!
    It is a change you won't believe on, but it is happening and it will continue to happen as long as we have politicians who don't care about anything but themselves.

    May 5, 2010 at 5:54 pm | Report abuse |
  9. volkan2

    I do not understand. If the government has $10 billion to give to a big company, why don't they just offer mortgages to US citizins instead of letting these bankrupt companies do it? Put the money where it belongs; in our hands.

    May 5, 2010 at 5:54 pm | Report abuse |
  10. Kevin, Virginia

    They can go bankrupt for all i care, we should not give them another dime.

    May 5, 2010 at 5:55 pm | Report abuse |
  11. John

    Do not give them fools a penny, but they will get it

    May 5, 2010 at 5:55 pm | Report abuse |
  12. timothius

    And why aren't Fannie and Freddie covered under Obama's Wall Street reform bill??

    May 5, 2010 at 5:55 pm | Report abuse |
  13. Tim

    LET THEM FAIL! Someone else can pick up the business, who knows what the hell they're doing.

    May 5, 2010 at 5:56 pm | Report abuse |
  14. Bill in Columbus

    Barney Frank and his merry men (and women) started this mess. Everyone deserves a home whether they can afford it or not.

    Let him clean it up. Not the taxpayer.

    May 5, 2010 at 5:57 pm | Report abuse |
  15. spritusRaptor

    Let them fold, I'm tired of bailing them all out. I wish the gov. would give me a million or two without any requirements to repay. People who do stupid things should pay for it, Freddie Mac and the people who thought they could own a 300K house on minimum wage. Wow! What a bunch of idiots.

    May 5, 2010 at 5:58 pm | Report abuse |
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