Freddie Mac, the mortgage company that defied regulation despite warnings from the GOP legislators for years, and shored up by assurances of people like Chris Dodd, Barney Frank, and Ted Kennedy, has asked for another $10.6B.
Is there no end to the nightmare? And what did tax cheat Geithner say about it?
“In March, Treasury Secretary Timothy Geithner swatted aside pressure for a swift reform of the mortgage giants as data pointed to a still struggling real estate market.”