Chuck the towel in and go home? Cry in your beer? Blame everyone else?

Freddie Mac, the government sponsored US mortgage lender, is to ask for $10.6bn (£7bn) in state aid, aafter seeing a loss of $8bn during the first three months of 2010. Here’s what the boss had to say.

“Though more needs to be done, we are seeing some signs of stabilization in the housing market, including house prices and sales in some key geographic areas.”

~ Charles Haldeman, CEO of Freddie Mac, mastering the understatement; leveraging the positives.

(via Going Concern)