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The Spectacle Blog
Don't worry, be happy.
Freddie Mac yesterday reported that it lost $10 billion in the first three months of the year, as investments in mortgages continued to fall in value at the federally run housing finance giant.
The disclosure automatically prompts a $6 billion investment from the Treasury Department to keep the company solvent, bringing Freddie Mac's bailout total to $51 billion in the first nine months of its government rescue.
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More Blog Posts by Doug Bandow
http://spectator.org/blog/2009/05/14/its-only-money-part-xxxviii
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Old Texican| 5.14.09 @ 7:58PM
Hi Doug
I am 63 years old. I have never experienced the fear and no-confidence in our future as I am hearing in these days.
Its not the money...it is the powergrabbing stupidity in Washington.
We are seriously in for a mess these next few years.
Dr Tom Voter| 5.14.09 @ 10:46PM
So, giving taxpayer money to corporations is a "bailout," giving it to a federally run company is an "investment!" The kultursmog thickens.