Article

2010-05-06 Economy

Money Pit: Freddie Mac Seeks $10.6 Billion More From Treasury

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2010-05-06 04:30|| || Front Page|| [2 views ] Top

#1 Freddie Mac enjoys protected status unlike private business. Too bloated and bureaucratic to fail?

Posted by JohnQC 2010-05-06 08:41|| 2010-05-06 08:41|| Front Page Top

#2 Won't fail; too many Democratic ex-officeholders depend on them for their sinecures ...

Posted by Steve White 2010-05-06 11:16|| 2010-05-06 11:16|| Front Page Top

#3 What Steve said. Rahm pocketed $300,000 for a four-month stint as a Freddie Mac director in IIRC 2001. No doubt Obey et al are lining up their next Fannie-Freddie gigs as we speak. Not exactly Goldman but then, the workload's far lighter, esp if you're a figurehead "director" directing nothing at all.

Posted by lex 2010-05-06 11:33|| 2010-05-06 11:33|| Front Page Top

23:59 JosephMendiola
23:54 gorb
23:53 Anonymoose
23:51 JosephMendiola
23:46 USN, Ret.
23:40 USN, Ret.
23:34 Thing From Snowy Mountain
23:31 logi_cal
23:19 M. Murcek
23:16 M. Murcek
23:03 Barbara Skolaut
23:00 Jan
22:51 Frank G
22:48 James
22:48 SteveS
22:47 Jan
22:39 tu3031
22:36 HammerHead
22:29 gorb
22:28 gorb
22:27 DarthVader
22:21 Alaska Paul
22:19 gorb
22:17 gorb