The mainstream press is questioning the negative net worth of Freddie Mac ($5.6 billion).

Freddie Mac hopes to raise $5.5 billion of additional capital to bolster its balance sheet, but in a sense that would just bring it back to about zero: the company's assets had a negative $5.6 billion net fair value at June 30, compared with their accounting value of $12.9 billion, according to financial statements Freddie posted on Wednesday.

As Eric and I show here, in this week's LRC article, where are the questions from the analysts and press regarding the negative net worth (above $50 billion) of General Motors? In fact, GM's stock price went up.....and up, even as it carried a deficit net worth that also continued to rise. I wonder why?