Freddie Mac posts 1Q loss of $151M which is more than what Wall Street expected, though I wonder why it would want to raise $3.3 billion when what it lost is only a fraction of that. Does it anticipate further losses of bigger magnitude? This is a govt sponsored company so I really do not expect that anything will happen to it. But its continuous losses just show that the sub prime is still far from being over.
Freddie Mac posts 1Q loss of $151M
By Finance in Freddie Mac posts 1Q loss of $151M
May
14