Hold onto your hats: Freddie Mac lost money, wants some taxpayer cash - Shocking, I know. Business Week: "
Freddie Mac reports loss, seeks $500 million in aid." When you're running a $1.5 trillion deficit, $500 million is the spare change in the couch.
2 comments:
They have the collest business model ever. Execs get huge bonuses when they make money, and the U.S. taxpayer picks up the tab whenever they lose money. Brilliant.
Solution? Smash the teachers' union!
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