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More Good News: Freddie Mac: The Government's Next Black Hole?

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posted on Mar, 17 2009 @ 11:22 PM
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AIG is to date the most expensive corporate bailout in American history, requiring $180 billion of government funds. But it may soon have competition. Last week, mortgage giant Freddie Mac said that it had lost $50 billion in 2008 alone. A look at the company's books suggests the government will have to spend at least triple that much to save the financial firm from collapse. If the housing market worsens, the tab could even be larger.


news.yahoo.com...

Look out below, $50 Billion in 2008 alone. Thats real close to AIG.

Maybe they are just trying to get us to stop thinking about where all those US tax dollars are going in the AIG bailout. www.abovetopsecret.com...'




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