s investment portfolio at a time when the Freddie, under the terms of a 2008 bailout agreement, is supposed to be reducing it. Both Freddie Mac and Fannie Mae were bailed out by
U.S. taxpayers in 2008 and are now owned by
The NPR-ProPublica report finds, too, that Freddie's new investments have increased the volatility of its portfolio.
Securities owned by Freddie fall into two categories. In one are those backed mainly by principal.