It seems that the demand for the Federal Reserve's emergency short-term lending programs has begun to ebb—another sign that U.S. credit markets are on the road to recovery. … [Read more...]
An Additional $13.8 Billion Requested By Freddie Mac After Serious Losses
December 20, 2008 By Leave a Comment
As of November 14, Freddie Mac, the mortgage-lending giant taken over by the federal government only two months ago, requested an additional $13.8 billion from the US Treasury. The move was an effort to stabilize the company after it suffered record quarterly losses. The amount was authorized and the … [Read more...]