managing expectations

Freddie Mac Posts $4.1 Billion Loss, Asks Treasury For $100 Million To Tide It Over

And fyi, don’t expect the mortgage giant to become solvent anytime soon. “We believe that it will be a considerable time until the housing market has a sustained recovery,” Freddie Mac chief executive Charles Haldeman said in a statement. [Reuters/NYT]

Freddie Mac Posts $4.1 Billion Loss, Asks Treasury For $100 Million To Tide It Over