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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