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Freddie Mac posts $23.9 billion loss, needs capital (Reuters)

Started by riky, March 12, 2009, 12:10:26 AM

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Freddie Mac posts $23.9 billion loss, needs capital
    (Reuters)

 


Reuters - Freddie Mac, one of the two main U.S. mortgage companies that 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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