Article Image

IPFS News Link • Economy - Economics USA

Freddie Mac asks for fresh $10.6 billion dollar bailout

• AFP
  Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses.

Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year.


thelibertyadvisor.com/declare