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. ender

    hmmm, howbout no?

    May 5, 2010 at 5:58 pm | Report abuse |
  2. Rich

    Aw, they'll get it. Good money after bad, and all that.

    May 5, 2010 at 6:00 pm | Report abuse |
  3. Skeat-er

    lol they need 10.6billion to cover the 2010 bonuses

    May 5, 2010 at 6:02 pm | Report abuse |
  4. dbock

    Actually, Bill in Columbus, it was Tom Delay and Trent Lott. If you remember, Dems weren't allowed to go to the john without permission until 2006. And it was McCain and Helms back in '98 who tore down all the banking laws.

    Let's not shoot the guys who are trying to clean up the mess.

    May 5, 2010 at 6:02 pm | Report abuse |
  5. mae

    Why give huge loans to those who have demonstrated they cannot manage that much money? If you give it, don't expect to get it back.

    May 5, 2010 at 6:02 pm | Report abuse |
  6. Helene

    After they get the $10.6B, they will ask for another federal aid soon.

    May 5, 2010 at 6:04 pm | Report abuse |
  7. booboo

    F- NO

    May 5, 2010 at 6:05 pm | Report abuse |
  8. RobertInDC

    They need to STOP hiring new people.... Head to their site and check out all their job openings.. I have several friends working their who say theirs tons in employment over-head....

    May 5, 2010 at 6:05 pm | Report abuse |
  9. Eagle

    volkan2,

    Freddie Mac is a government agency, so in a way, government is providing mortgages to people.

    May 5, 2010 at 6:07 pm | Report abuse |
  10. George

    They need to not give them any more money. Freddie Mac needs to budget their money more better.But much more do we spend on someone who is putting us more into debt.

    May 5, 2010 at 6:07 pm | Report abuse |
  11. SWiss Genome

    This is only the Beginning . . . . .

    May 5, 2010 at 6:08 pm | Report abuse |
  12. paul

    For those of you not wanting a bail out for Freddie, you need to wise up. If they fail you will live in the Greatest Depression ever. Learn a little bit about the mortgage business. It is a back bone in this financial crisis. If the housing industry does not correct itself, get ready to lose your job and your home.

    May 5, 2010 at 6:09 pm | Report abuse |
  13. fed up

    NO, the answer is NO. Taxpayers are tired of being robbed!

    May 5, 2010 at 6:09 pm | Report abuse |
  14. Michael

    Yea, get to pay more taxes in a giveaway to foreclosed homeowners.

    May 5, 2010 at 6:10 pm | Report abuse |
  15. john

    You can thank the Democrats for Fannie and Freddie failing. Look up the youtube video where Republicans were saying we need more oversight and the Democrats were fighting it. Harold Grimes comes to mind.

    May 5, 2010 at 6:11 pm | Report abuse |
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