[DeaconBenjamin]

More happy news! Will the bailouts ever end?

[Glenn]

I guess the good news is that consumer spending is way off.

[DeaconBenjamin]

Freddie Mac Posts Record Loss, Asks for $13.8 Billion

[ikka]

The taxpayers suer made money on this one! [/sarcasm]

[pointsal]

What's the status of FARMER MAC?

[mlocher]

Freddie Mac said it expects to receive the money from Treasury by November 29.

At the current rate of bailouts, I am not sure there will be any money left in the US treasury on November 29.

[econjack]

Let's replay that video of the Congressional hearings where Maxine Waters says that Franklin Raines is doing a great job running Fannie Mae and Barney Frank says Freddie Mac's in great shape. Let's give ole Franklin a pat on the back as he cooked the books and stole $90 million for himself. True, he got caught and those nasty politicians made him pay a fine of $1 million. Let's see...take in $90 million, pay out $1 million and endure a slap on the wrist...Yep, they sure taught him a lesson--crime doesn't pay when Congress is in charge. Then, after that crushing fine, let's have Obama give him the job of directing his economic policies. Now there's a plan for success...or is it a train wreck waiting to happen?

[allmost]

Treasury Department to provide $13.8 billion for Freddie Mac to erase the shareholder equity deficit. Freddie Mac said it expects to receive the money from Treasury by November 29.

So Nov. 29, after an injection of $13.8, the company will be worth approximately $0?

[parthian shot]

Is this before or after the Democrats filled their pockets with taxpayer money?

[dashing doofus]

I’m wondering if Barney Frank still thinks there is no crisis at Fannie and Freddie, like he said in 2004 while a member of the House Financial Services Committee...

[org.whodat]

Burn through that 200b pretty damn fast!