Freddie Mac tapped the U.S. government for another $6 billion in aid after the mortgage-finance giant’s loss widened to $4.4 billion in the third quarter. The cash drain is the latest sign of how the shaky U.S. housing market continues to bleed red ink for the firm that the government rescued more than three years ago and increased the tab to taxpayers for Freddie alone to $56 billion. Fannie Mae, which has yet to report its third-quarter results, has taken nearly $104 billion in aid and paid back around $15 billion. The net cost to the taxpayers for bailing out both firms stands at $145 billion.
Freddie Mac Draws Another $6 Billion from U.S. Government
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