Time To Stir: You're out another Five Billion... Eh, That's Chicken Feed These Days Though

You're out another Five Billion... Eh, That's Chicken Feed These Days Though

Saturday, November 7, 2009

Freddie Mac Posts $5 Billion Loss

Freddie Mac (NYSE:FRE - News; NYSE:FRE - News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

Oh, and you're about to become a landlord. That ought to work out well, right?

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