http://online.wsj.com/article/SB125755468595835091.html?mod=googlenews_wsj
WIILL SOMEONE PLEASE MAKE IT STOP.
"Freddie Mac said it didn't need any additional federal aid for the second straight quarter as it reported a loss of $6.3 billion for the third quarter on Friday.
But the company said it expected to ask for more handouts from the U.S. Treasury in the future as rising unemployment and falling home prices continue to drive higher credit-related losses for both Freddie and its larger rival, Fannie Mae.
Together with Fannie Mae, which said on Thursday it would need a $15 billion capital injection, the tab for the U.S. government's bailout of both mortgage-finance giants has climbed over the past year to $112 billion, making it one of the costliest government interventions ever to stabilize housing and financial markets.
The U.S. Treasury has agreed to provide as much as $200 billion in capital to each company by buying preferred stock that pays 10% dividends. Regulators took control of Fannie and Freddie through a legal process known as conservatorship 14 months ago..."
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