Freddie seeking more taxpayer funds
Freddie Mac had a big first-quarter loss of $3.14 per share (vs. 66 cent loss per share a year ago). The bloodbath reflected $8.8 billion in credit losses from delinquencies and write-downs of its MBS holdings. Already a virtual ward of the state, it is asking for $6.1 billion in more government aid. Fannie asked for $19 billion last week. Article
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