Open wide and bend over! Freddie Mac wants $19 million bailout after first quarter losses

I suppose “only” $19 million for Freddie Mac is a big improvement. After all, in the last quarter of 2011, you and the rest of the tax payers in America gave Freddie Mac $146 million. I’m going to assume (but not sure) that the so called “conservatives” in the House authorized the previous $146 million, so the $19 shouldn’t be hard for Freddie Mac to get at all.

Last year alone, Freddie Mac got a whopping $7.6 billion in tax payer bailout dollars. Again, I’m going to assume Congress had to authorize this, but I’m not 100% sure. As we continue along in Obamaville, Freddie Mac lost $1.2 billion, or 38 cents a share, in the first quarter of 2012. In the first quarter of 2011, Freddie Mac lost $929 million, or 29 cents a share, so you can see where this is going.

Source: FireAndreaMitchell.Com