Freddie Mac asks Treasury for $30.8 billion!
I would Love to run my company into the ground. Hell, Way Below ground with crazy lavish spending!
Then, her comes the bailout! We need to keep this company alive, they tell us. Billions are pumped in, Government takes control. But wait, they want more Money now???
Freddie Mac, the government-backed mortgage finance company, said Wednesday it has asked the government for $30.8 billion in additional funding to close a gaping hole on its books.
Gaping Holes???? Let me run this down!
Some people default on their house loans!
The Banks cry, say they are losing money, because they were greedy and gave under qualified people loans.
The USA Government steps in with a bail out package and gives them billions.
The Banks now have these debts paid for.
The Banks Still Own the House the took from you!
The Banks are going to re-sell that house, thus getting more money!
The Banks will still Sue you for the difference between the high inflated house price they sold the house to you at, and what they sell if for, thus More Money, that I thought was already covered by the bailout!
The Banks are asking for More MONEY!
I need to open a Bank or Lending company!
