Freddie Mac seeks further $10.6bn bailout

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Freddie Mac seeks further $10.6bn bailout

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05-06-2010, 01:29 PM

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Freddie Mac seeks further $10.6bn bailout

US mortgage giant Freddie Mac, which was taken over by regulators at the height of the financial crisis, has asked for a further $10.6 billion in state aid. The company, which announced a $6.7 billion dollar loss in the first quarter, said it would need the new funding by the end of June. The latest request [...]

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