Summary
Stricken US mortgage lender Freddie Mac today asked for $13.8 billion ([pounds]9.4 billion) of taxpayers' money after it reported record losses.
Freddie Mac, which with fellow state-backed lender Fannie Mae, has been one of the world's biggest casualties from the subprime mortgage catastrophe, said thirdquarter net losses spiralled to $25.3 billion.See the full content of this document
Extract
Freddie Mac Plea for [Pounds]9bn
the treas...
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