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Shahien Nasiripour reports at The Financial Times in “Freddie Mac seeks further $6bn from taxpayers” that: Freddie Mac, the US-controlled mortgage financier, has requested an additional $6bn from US taxpayers, following a $4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling…
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New president Mario Draghi takes the reigns of the ECB, lowering the benchmark rate 25 basis points to 1.25 percent. The move is touted as a step to avert a looming recession and offset the tension caused by the ongoing sovereign debt crisis. Draghi takes office in a climate of extreme uncertainty. Greece is…
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