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Tuesday, November 27, 2007

Freddie Cuts Dividend

by Calculated Risk on 11/27/2007 06:54:00 PM

From Reuters: Freddie Mac cuts dividend, slates $6 billion preferreds

Freddie Mac ... said it halved its quarterly dividend and will sell $6 billion in preferred stock to bolster capital in anticipation of mortgage-related losses.
No surprise.

Posted by Calculated Risk on 11/27/2007 06:54:00 PM