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. areyoucrazy

    Obama and Barney will be proud to lend them more of our money

    May 5, 2010 at 7:31 pm | Report abuse |
  2. Henry

    Enought is enough let them fall.but this administartion will bail them they like spending money they do not have.

    May 5, 2010 at 7:31 pm | Report abuse |
  3. Dixiesam

    Stars on the horizon....November 2010

    May 5, 2010 at 7:31 pm | Report abuse |
  4. Paul timmer

    During the first Three months of this year....Obama and the Democrats have already given Freddie Mac and Fannie Mae 168 billion dollars extra. Go google that liberals

    May 5, 2010 at 7:32 pm | Report abuse |
  5. areyoucrazy

    Because it was Obama and Barney who made them lower their standards so people who did not qualify got a loan.

    May 5, 2010 at 7:32 pm | Report abuse |
  6. darko2k

    10 Billion is just the beginning. They're in trouble with a 'T'...as in Trillions.

    This recession was caused by a housing bubble and the govt is doing what?...trying to restore the bubble. REALLY!!!. How stupid is that?

    Drop them! the low housing prices resulting from the surplus in homes will make them more affordable. Except this time, Freddie and Fannie won't be around to back the loans to those who can't afford them. However, the ratings agencies still need to be turned over and de-corrupted.

    First rule of capitalism – If you distort the market (GSE's like Freddie) the market will fight back. The Laws of Economics are just as concrete as the Laws of Physics.

    May 5, 2010 at 7:33 pm | Report abuse |
  7. Dixiesam

    Let's take lessons from the folks in Greece.....they do not approve of their governments B.S.....let us hit the streets patriots

    May 5, 2010 at 7:34 pm | Report abuse |
  8. Timskorn

    You all do realize that the Federal Government pledged "unlimited financial support" for both Freddie and Fannie on Dec. 24th, 2009 don't you? There is no choice in the matter here. They're getting the money, and as much as they want whenever they want it.

    May 5, 2010 at 7:34 pm | Report abuse |
  9. Bri Guy

    Glad to see most know what is going on, but ahhhh, still people thinking they are too big to fail. Guess what, we KNOW it is going to hurt a bit when they fail. But it NEEDS to be done. The market NEEDS to correct itself or we are going to keep on inflating the bubble. And if we keep on inflating the housing bubble through these bailouts and government intervention, the next burst is going to make the depression look like a cake walk. So yes, we need to let them fail, it is going to hurt for a bit until new smaller businesses can take the market back over, and THEN we can get the ball rolling. It is MUCH better than bailing them out and continuing to prop up this failed system.

    May 5, 2010 at 7:34 pm | Report abuse |
  10. Q

    The senate voted to get rid of "to big to fail" TODAY!

    May 5, 2010 at 7:36 pm | Report abuse |
  11. Ken sanders

    The NERVE !!!!!!!!!!!!!!! This is NOT a bottomless pit.

    May 5, 2010 at 7:37 pm | Report abuse |
  12. db

    NO FRICKIN WAY! SHUT IT DOWN, FIRE THE IDIOTS AT THE TOP, OBAMA HAD NO PROBLEM AT GM DOING THAT.

    May 5, 2010 at 7:39 pm | Report abuse |
  13. Ruby Wong

    Hi,

    I think there should be some scrutinization of the money loaned out to the Freddie Mac because they can create phony borrowers and bad loans. If everything is checked and verified then and only then we would feel safe and sound.

    May 5, 2010 at 7:40 pm | Report abuse |
  14. pattymac

    Its the free soda fountain drinks they give their employees. Your tax dollars at work.

    May 5, 2010 at 7:41 pm | Report abuse |
  15. Q

    What do you mean? GM got bailout money and they have paid it all back with interest.

    May 5, 2010 at 7:41 pm | Report abuse |
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