Free Republic

If there is a single face of the financial crisis, it is probably Barney Frank, Fannie Mae and Freddy Mac’s chief Congressional patron, who shouted down all warnings and resisted all efforts to bring those agencies under control. It is probably too much to hope that Frank will be evicted from Congress any time soon

Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $4.4 billion, or $1.86 per share, in the July-September quarter. That compares with a loss of $4.1 billion, or $1.25 a share, in the same quarter of 2010. This quarter's $6 billion request from taxpayers is the largest since April 2010.