Freddie and Fannie need more money.

[flippinout]

As was stated earlier this week, Fannie Mae needs another $16B from the government as the housing market gets worse.

Freddie Mac also wants an additional $35B worth of government support on top of the $13B it got last year.

Last fall, the government took over Fannie and Freddie and the Treasure Department agreed to up to $100B of investment in each company, and some analysts think that the two companies will need more money than that in order to stay afloat.

And, what this comes down to in the long run, is it will be the taxpayers who get to pay back all this money.