The government has bailed out Freddie Mac with $61 billion. This corporation is supposed to be self sufficient. $10 billion in loses over the first 3 months of 2010. What is going on here?
And, perhaps more to the point, why am I reading about this in a BBC report. Where is the mass media coverage? Like the questions about General (or Government) Motors paying off the government loans 5 years early, with interest. Is this true? Or did GM just borrow from another government account to pay off the other government account? Or did the US government just buy equity in GM to give them the money to pay off the loan. Rumors are that the US owns 61% of this losing company, which puts it in the same mess as Freddie Mac.
http://news.bbc.co.uk/2/hi/business/10099793.stm
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