Freddie Mac To Ask Treasury For More Money...WTF?

I am wondering if there will ever be a time when a miserably failing program like Fannie/Freddie will be scrapped for the public good? I can't wait to hear Barney Franfurter's explanation for this.

http://www.foxbusiness.com/story/ma...e-mac-ask-treasury-billions-additional-funds/

SAN FRANCISCO -- The Federal Housing Finance Agency, Freddie Mac's conservator, will ask the Treasury Department for additional funds of up to $35 billion from the Senior Preferred Stock Purchase Agreement, the mortgage giant said in a regulatory filing Friday. Based on a preliminary evaluation of its fourth-quarter operations, Freddie Mac's management believes that it will need $30 billion to $35 billion to offset the impact of operating losses as well as other items that could affect the company's net worth. Freddie Mac has already drawn $13.8 billion under the $100 billion agreement.