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Thursday, May 6, 2010

Freddie Mac requests $10.6 billion in federal aid - May. 5, 2010

NEW YORK -- Freddie Mac requested another $10.6 billion handout from the federal government.

The housing finance company, which reported an $8 billion quarterly loss, was put into conservatorship by the government during the height of the financial panic in September 2008 along with its twin Fannie Mae (FNM, Fortune 500).

Freddie has already received $50.7 billion from the Treasury Department. Fannie Mae has so far gotten $76.2 billion.
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This news break & Ministry insights are brought to you by the Love of the Brethren Sojourners, Temple Knight & it's elder J.Blair in Jesus Christ Love. To all pilgrims in dispersion, to the elect according to the foreknowledge of God the father, in sanctification of the spirit, for obedience and sprinkling of the blood of Jesus Christ.

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