November 23, 2007

Freddie to raise $5 bln in preferred stock sale: report (Reuters)

A man walks out of the headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. (William Philpott/Reuters)Reuters – Freddie Mac , the U.S. mortgage
finance company that stunned Wall Street with a $2 billion
quarterly loss earlier this week, plans to sell $5 billion of
preferred stock in a deal to be launched as early as next week,
the Wall Street Journal said on Friday.

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