November 27, 2007

Freddie Mac to sell six bln dlrs in stock to bolster finances (AFP)

The Freddie Mac sign is seen at its headquarters in McLean, Virginia in 2003. Freddie Mac, a leading US buyer of home loans, said Tuesday it plans to sell six billion dollars of preferred stock to help bolster its financial cushion against a housing-related credit crunch.(AFP/Getty Images/File/Stefan Zaklin    )AFP – Freddie Mac, a leading US buyer of home loans, said Tuesday it plans to sell six billion dollars of preferred stock to help bolster its financial cushion against a housing-related credit crunch.

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