Friday, January 23, 2009

I Am Geithner's Total Lack Of Surprise: Freddie Asks for Another $35 Billion

Freddie Mac, which is already owned by the U.S. government, has said it will ask the U.S. Treasury for another $35 billion. The company said its Q4 losses will drive its net worth below zero... again...

Nice little test to see just how serious tiny Tim was when he said that the Treasury is done doling out cash.
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