Freddie Mac Asks Treasury for $146M to Stay Solvent?

Question

Freddie Mac requested $146 million from the Treasury in order help make interest payments on government funds used to keep the mortgage buyer afloat, the company said Friday.
Although Freddie Mac reported $619 million in net income in the fourth quarter of 2011 as well as other income of $887 million, it was not enough to make the $1.7 billion dividend payment it was required to make to the government.
Freddie Mac and sister company Fannie Mae were seized by the government at the height of the financial crisis and placed under conservatorship. Since then, Freddie Mac has had to seek $72.2 billion in federal aid in order to stay solvent.


Read more: http://www.foxbusiness.com/industries/2012/03/09/freddie-mac-asks-treasury-for-146m-to-stay-solvent/#ixzz1oln6yw1z

Answer 1

Obama needs more poverty and more unrest. Never let a good crisis go to waste. The real question now is what does he plan to do if he can elevate the desperation of nation. It's a pretty good bet he's planning on taking out Iranian reactors. That's worth a few percentage points. Then right before the election, he'll pull out all the stops - bills to save this or stabilize that, and if gas prices drop, or if there seems to be a lull in all the four...

Answer 2

Why are you pushing politics on yahoo answers? Go do something where it will make a difference, your town hall.

Answer 3

Let them beg China if they really want it.