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"WASHINGTON - Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. It's another sign that the taxpayer bill for stabilizing the housing market will keep mounting.
The new request brings the total cost for rescuing Freddie Mac to $61.3bn.
'Fragile' Freddie Mac hit trouble during the American property boom, when many higher risk - or sub-prime - loans were made which were not repaid