Freddie Mac Up Next for Additional Aid

When it comes to Freddie Mac and Fannie Mae, good news is hard to come by. If you?ve been following the blog, you probably already know that Fannie Mae reported a rather large loss in the first quarter, but what about Freddie? Unfortunately things aren?t much better there, either, although arguably not quite as bad with the firm reporting a loss of $9.9 billion in the first quarter of 2009. The reason for another huge loss stems as you might expect from ?credit-related expenses.? These expenses stem mostly from provisions for loan losses, which continue to increase. Declining home prices and a stubbornly weak economy have continued to pound the firm?s results. Of course despite these difficulties, the firm has also tried to play a role in an economic recovery by injecting $148 billion into