Wednesday, August 06, 2008

Freddie Mac Reports Loss of $821 Million

Freddie Mac the second-biggest provider of U.S. residential mortgage funding, on Wednesday posted its fourth consecutive quarterly loss and set plans to slash its common stock dividend amid the steepest U.S. housing market slump since the Great Depression.

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6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...