Freddie Mac is in the money
The Freddie Mac offices on August 11, 2010, in McLean, Virginia
Freddie Mac, the government backed mortgage giant, just posted very strong earnings. Freddie pulled in 5 billion dollars last quarter, the second largest profit in its history. John Silvia is chief economist at Wells Fargo, explains why just a few years after coming to the brink of collapse, Freddie and Fannie are doing better than ever.