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federal aid, bank bailout
(Image from article: "AIG Ditches Payback Plan")

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Freddie Mac Posts $4.1B Loss for Q3

Freddie Mac posts $4.1 billion loss for third quarter, seeks additional $100 million in aid.

 

AIG Ditches Payback Plan

AIG Ditches Payback Plan

American International Group and federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in federal aid as the market recovery has opened up other options.

 

Report: GMAC to get another $3.5B in federal aid

GMAC Financial Services is expected to receive $3.5 billion more in federal aid to further stabilize the automotive lender, The Wall Street Journal reported Tuesday.

 

Fannie Mae seeks $10.7B in US aid after 2Q loss

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

 

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