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. FatSean

    Cry cry cry. Deny the bailout and the pain will be far more than 10Billion.

    May 5, 2010 at 6:25 pm | Report abuse |
  2. kingtrick

    WITH A B! no.

    May 5, 2010 at 6:26 pm | Report abuse |
  3. David

    If you give it to them charge them a VERY high interest rate (how about we give you 10B you owe us 20B). And no bonuses until all paid back and ever cent of profit goes to the government until paid back.

    May 5, 2010 at 6:27 pm | Report abuse |
  4. daday

    pls, pay them again.
    at this time we have to see the repeblican rant.

    May 5, 2010 at 6:27 pm | Report abuse |
  5. dan

    thats nice...they are auctioning my house tomorrow instead of modifying my mortgage. Glad Obama is getting healthcare for everyone, we will need it living on the streets...

    May 5, 2010 at 6:27 pm | Report abuse |

    Wait they want more money?

    After making all my payments for a TRIAL PERIOD on my loan.

    My Loan Servicer Wells Fargo unable to provide assistance.


    Maybe they ought to be on MERIT PAY?!

    "Produce the NOTE"!!!!!

    May 5, 2010 at 6:27 pm | Report abuse |
  7. Daniel

    They are out of their GD minds!

    May 5, 2010 at 6:29 pm | Report abuse |
  8. Dave M.

    Tell them if they need the 10bil to get it by taking back the kick backs they gave to the Unions, Fed, and politicians to buy the first round of free tax payer dollars. That should be more than enough. If not bye, bye Freddie.

    May 5, 2010 at 6:32 pm | Report abuse |
  9. Willie12345

    Isn't this the organization monitored by our friend Barney Frank? I believe it's the same organization that he reported as solvent and financially solid. Where is Barney how? He still has his old job monitoring Fannie and Freddie. Guess he's still doing a wonderful job. He and Senator Dodd need to get together with Charlie Rangel. They'd make quite the team.

    Can these fellows be promoted somehow. Their leadership examples inspire the entire Obama administration. Look out Nancy Pelosi, Barney is bucking for your job.

    Gosh are we screwed.

    May 5, 2010 at 6:33 pm | Report abuse |
  10. Geg

    Let it FAIL!

    May 5, 2010 at 6:33 pm | Report abuse |
  11. Rotten

    To Brian and your comment "Fannie and Freddie are supporting the entire mortgage market. They guaranteed 70% of all home loans in 2009, and do so at very strict credit requirements." If they had very strict credit requirements, taxpayers would not have to bail them out. You see, Fannie and Freddie did not support the entire mortgage market, TAXPAYERS DID!!! They wrote checks that the rest of us had to cash. I'm no homeowner, but I'm a responsible, taxpaying, credit-worthy citizen who is tired of paying for everyone else's american dream.

    May 5, 2010 at 6:33 pm | Report abuse |
  12. creditindustryworker

    ummm u guys do know thats its a government backed enterprise and u do u if u let them "fail" ALOT OF PPL will lose their homes an the recovery will be stalled and that we(ppl high up in mangement for banks) dont get any bonuses and as far as the bailout we recved from the tarp the bank i work for already paid back the 24.4 billion we borrowed with interest and the shares they brought and recently sold 3x higher then they had paid for so the goverement is actually making money with the taxpayers money which i think is smart b/c what does that do in the long run it . it speads up the recovery process

    May 5, 2010 at 6:34 pm | Report abuse |
  13. hank

    You know they "Freddie MAac" will get there money, WHY< because they are a government program known as GSE''s.

    May 5, 2010 at 6:37 pm | Report abuse |
  14. Ed


    May 5, 2010 at 6:37 pm | Report abuse |
  15. teaparty01

    put em' in Chapter 7 Liquidation along with the Whitehouse

    May 5, 2010 at 6:37 pm | Report abuse |
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