Freddie Mac loses $25.3 billion, seeks US infusion

Posted by admin | Personal Finance | Friday 14 November 2008 8:13 am

The Freddie Mac headquarters in McLean, Virginia. Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported a quarterly loss of 25.3 billion dollars as it asked for a fresh capital infusion.(AFP/File/Paul J. Richards)AFP - Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported Friday a quarterly loss of 25.3 billion dollars as it asked for a fresh capital infusion.

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