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IPFS News Link • Economy - Economics USA

Freddie Mac loses $2B, seeks new capital

11-20-2007 • Reuters

Freddie Mac, the No. 2 U.S. mortgage finance company, stunned Wall Street with a unexpectedly wide loss and plans to slash its dividend or use other means to raise capital to withstand a continuing downturn in the housing market. Freddie Mac shares l

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Reported By Powell Gammill

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