Freddie: $25B loss, taps tax dollars

[Bindare_Dundat]

Mortgage finance firm reports huge quarterly loss - Treasury pumps in $14 billion backstop.

NEW YORK -- Freddie Mac reported a $25 billion quarterly loss Friday that forced the mortgage finance giant to tap $100 billion in bailout money set aside by the government.

The loss triggered a $13.8 billion Treasury Department investment in Freddie (FRE, Fortune 500). The firm is likely to get the money by the end of the month; Treasury will receive preferred shares in return. A Treasury spokeswoman did not have any immediate comment.

Seems to be a growing trend these days. 

[Hereford]

If a company can get bailed out of any losses by the government, what is their motivation to run a sound business?

[Slapper]

If a company can get bailed out of any losses by the government, what is their motivation to run a sound business?

Have you ever heard of socializing losses and privatizing gains?

[IFBBwannaB]

If a company can get bailed out of any losses by the government, what is their motivation to run a sound business?

Ask these people: