07 August 2008
Freddie Mac's Net Worth: -$5.6 Billion
By most definitions, this is insolvent.
If this is indeed the case, the federal government should take it over, and kick management and share holders to the curb.
If this is indeed the case, the federal government should take it over, and kick management and share holders to the curb.
Labels:
Finance
,
regulation
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