The company said today that it bought $27 billion in mortgage-backed securities in October, growing its portfolio at an annual rate of 44 percent. The company's portfolio now stands at $764 billion; it may grow to $850 billion by the end of next year under the government's plan.Freddie Mac is growing while real estate is dropping in value! You'll notice that anti-trust laws about dominating a market never apply when the government is involved.
Monday, November 24, 2008
Freddie Mac's Portfolio Growing at 44% annual rate
The Washington Post reports on America's own Freddie Mac: