Freddie Mac Too Big To Fail?

Freddie Mac has already borrowed more than $72 billion in taxpayer funds. Now, the government-owned company says it needs to borrow another $6 billion from the federal government, Reuters reports. It just posted its worst quarterly loss in more than a year — more than $4.4 billion. And, they believe things are going to get worse before they get better because of more downward pressure on housing prices into next year. Freddie Mac and Fannie Mae were seized by the government in 2008 as mortgage losses piled up, threatening their solvency. Between them, they own or guarantee about half of all mortgages in the country, so the Treasury sees them as 'too big to fail.