News: 4th Quarter Losses Total $6.5 Billion for Freddie Mac
While financial losses in the billions would bankrupt even the most affluent of companies, the government-owned mortgage financing firm Freddie Mac has managed to stay afloat in short due to cash infusions costing taxpayers additional billions.
The near record loss of $6.5 billion (more…)
News: Fannie Mae and Freddie Mac Failing Fast
As the financial upheaval began to rear its ugly face in mid-2008, Freddie Mac and Fannie Mae were among the original financial powerhouses that received massive government bailouts alongside the failing banks and insurance companies.
Although politicians have been (more…)
News: Here Comes More Spending… Are Americans Really Surprised?
By a close vote of 217 to 212, the U.S. House of Representatives approved $155 billion dollars in (more…)
News: 4 Mortgage Giants on the Ropes
While at the same time the biggest banks are repaying their government loans, four other giant (more…)
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