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Topic: 106b

Freddie Mac Asks Fresh 106b Bailout

May 07, 2010

Freddie Mac asks for fresh $10.6b bailout

WASHINGTON (AFP) - Troubled US government-backed mortgage firm Freddie Mac has asked for an additional 10.6 billion dollars from the Treasury Department to cover losses. Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year. ...

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