Freddie Posts 4th-Straight Loss, to Slash Dividend

August 5, 2008

Freddie Mac on Wednesday posted its fourth straight quarterly loss as it braced for a prolonged housing crisis by setting aside twice as much money for bad loans and setting plans to slash its dividend by at least 80%.

*For more on this story,

read the full Reuters article.

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Freddie Posts 4th-Straight Loss, to Slash Dividend

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