Freddie says it may need aid -- just not now
November 09, 2009 11:00AMAlthough Freddie Mac reported a $6.3 billion third quarter loss Friday, it says that it doesn't need any federal assistance at the moment, marking the second straight quarter that it has eschewed a financial aid request. This could change in the future, however, as the company said that rising unemployment could force it to request government aid. Sibling government-funded institution Fannie Mae requested $15 billion in aid on Thursday, bringing the total amount of federal assistance the two institutions received to $112 billion over the last year. [WSJ]
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