News

Freddie Mac reports Q3 loss, asks for $6B in aid

Despite giving many top executives seven figure bonuses this year, Freddie Mac is requesting another taxpayer-funded bailout, this time to the tune of $6 billion. If the company is posting losses, why did the Federal Housing Finance Agency approve bonus rewards to its top executives?

From Yahoo:

Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

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