Government-controlled mortgage giant Freddie Mac posted net income
of $1.2 billion for the second quarter and isn't requesting any additional federal
aid for the period.
The government rescued Freddie and larger sibling Fannie Mae in September 2008
after massive losses on risky mortgages threatened to topple them.
Taxpayers have spent about $170 billion to rescue Fannie and Freddie, the
costliest bailout of the 2008 financial crisis. It could cost about $200 billion
more to support the companies through 2014 after subtracting dividend payments,
according to the government.
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