Freddie Mac

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Freddie Posts $768m Profit After Accounting Gains 

Aug 10, 2009By

Mortgage giant Freddie Mac [stock FRE][/stock] late Friday reported a net income of $768m for Q209, compared with a $9.9bn net loss in the previous quarter. The return to green kept the government-sponsored enterprise from having to draw down more Treasury Department funds through its preferred stock purchase agreement.

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