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Freddie Mac posts $23.9 billion loss (Reuters)

Started by riky, March 11, 2009, 11:15:00 PM

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riky

Freddie Mac posts $23.9 billion loss
    (Reuters)

 



Reuters - Freddie Mac, a top mortgage finance company the U.S. government is depending on to help stabilize the housing market, said on Wednesday it needs $30.8 billion from the Treasury to survive after a massive fourth-quarter loss.


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