Freddie Mac Gets $6.1 Billion More in Taxpayer Money
Troubled mortgage broker Freddie Mac got an additional $6.1 billion from the Treasury Department to pay for mounting losses, according to a filing at the Securities and Exchange Commission today.
Freddie requested the additional funds in May, but you might not have noticed the request among all the news.
With the new $6.1 billion, the government-run Freddie has now received $51.7 billion from Treasury and has access to an additional $150 billion to help it stay in business.
Freddie has been run since last fall by the Federal Housing Finance Agency.
Freddie is set to name former Putman Investments executive Charles E. Haldeman Jr. as its new chief executive, The Post's Zach Goldfarb reported today.
July 1, 2009; 10:31 AM ET
Categories: The Ticker | Tags: Freddie Mac
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