Freddie Mac, one of the companies that is most commonly blamed for the current sour economic condition of the United States, showed signs of improvement in the second quarter. While the company remains a long way from being able to repay the $51 billion in federal government bailout money it has received since September of 2008, Freddie Mac finally has some numbers to be moderately happy about.
Last year in the second quarter, Freddie Mac last more than a billion dollars. This year, they lost $374 million. However, that includes dividends payments to the federal government. Prior to those payments, Freddie …read more

YRC Worldwide is one of the largest trucking companies in the world but this United States company is in deep trouble. With many industry experts believing that bankruptcy could be in the company’s future, YRC Worldwide reportedly will request $1 billion in federal government bailout funding.
According to the reports, YRC Worldwide would put the money towards its pension obligations. The company is said to owe about $2 billion over the next four to five years to their pension obligations.
Although the federal government has bailed out many companies for billions upon billions of dollars, industry experts don’t believe that YRC …read more