Hi, federal government. Pay my mortgage, please.

Hey, is this not Freddie Mac’s strategy?

Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. It’s another sign that the taxpayer bill for stabilizing the housing market will keep mounting.

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Asking the government to keep you afloat as an alternative to actually operate under sound fiscal principles, that is.  Of course, I neither:

  • Hemorrhage money from every fiscal pore; nor
  • Own my very own Congressman (Hi, Barney Frank!)

…so I suspect that my request is going to go precisely nowhere.  But that’s OK: this situation is an excellent motivator.

Moe Lane

Crossposted to Moe Lane.

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