What is so hard to understand about throwing good money after bad. Goldfarb's article in the Washington Post says it all...

Freddie Mac reported on March 10th that it lost $50.1 billion last year, almost half of it in the final three months of 2008, and would need an additional $30.8 billion in taxpayer assistance to stay solvent.

The federal government, which seized Freddie Mac and its counterpart, Fannie Mae, last fall, has agreed to cover $200 billion in losses at each firm. Freddie Mac has already received $13.8 billion. Fannie Mae has asked for nearly $15 billion.

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/11/AR2009031101068.html