Another $6.1 billion for Freddie

http://www.futureofcapitalism.com/2009/07/another-61-billion-for-freddie

Just when you think the era of bailouts might be ending and the American economy might be getting back onto its more normal, private, footing, along comes a news item to remind us that it is not going to be so easy to turn back the clock. Freddie Mac says it has received another $6.1 billion from the government, the AP reports. "After drawing the funds, Freddie Mac has now received $51.7 billion from the Treasury Department and still has access to an additional $149.3 billion to help it finance operations," the wire says.

by Editor  |  Jul 1, 2009 at 10:01 am Related Topics:  Housing receive the latest by email: subscribe to the free futureofcapitalism.com mailing list