Freddie Mac suffers six billion dollar quarterly loss
- 2010/08/10 06:59:34
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Troubled US mortgage firm Freddie Mac
reported Monday a second quarter net loss of six billion dollars and
sought another 1.8 billion dollars from the Treasury to contain the red
The government-backed company said its strategies to boost business and
"sustainable home ownership" were taking hold but cited high unemployment
posing "very real challenges" for the already embattled housing market.
Freddie Mac suffered a 6.009 billion dollar net loss attributable to
common stockholders in the April-June period from a loss of 7.980
billion dollars in the first quarter and 840 million dollars in the year
The rest of the story can be found at the link below.
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