PDA

View Full Version : Freddie Mac reports Q3 Loss, Asks for $6Billion in Aid




bobbyw24
11-03-2011, 06:54 AM
Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.


Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

Freddie Mac says it lost $6 billion, or $1.86 per share, in the July-September quarter. That compares with a loss of $4.1 billion, or $1.25 a share, in the same quarter of 2010.

http://www.onenewsnow.com/AP/Search/World/Default.aspx?id=1471112