Lost, like tears in rain
Freddie Mac lost almost $26 billion last year, ominous news for taxpayers who are footing the bill to rescue the mortgage finance company and its sibling Fannie Mae.
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This is a major problem for the federal government, which seized control of Freddie and Fannie in September 2008. The two companies have already siphoned $111 billion from the government to stay afloat. That number is expected to hit $188 billion by fall 2011.
I mean really, forget about the politics one way or another. Doesn't all this spending just scare you sensless? This is your money that's flowing like water .... To turn a phrase, all this money will be lost, like tears in rain.
