Mortgage giant Freddie Mac’s paper loss: $1.7 Billion
Freddie Mac too posted a $19.8 billion loss intended for all of 2010.The government rescued Freddie Mac and sibling company Fannie Mae concerning September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts preference cost taxpayers having the status of much having the status of $259 billion.Freddie Macs October-December loss attributable to usual stockholders plant not in to 53 cents a share. It takes into explanation $1.