Freddie Mac
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Freddie’s Missing $1.2 Billion
Oct 30, 2008Hey, buddy, can you spare a billion? I know, I know — bad joke. But last week, Freddie Mac asked the bankruptcy judge handling Lehman’s bankruptcy to investigate $1.2 billion in claims it says Lehman hasn’t yet paid. That’s not a small chunk of change, for one thing. From Reuters, who reported on the story: Freddie Mac, which was bailed out by the U.S. government last month, said it is missing $1.2 billion from two fund transactions conducted in August, according to court documents.
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Oct 30, 2008 -
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Problems Pile Up in Agency MBS Market
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Lockhart’s Remarks Confuse GSE Debt, MBS Investors
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GSEs Bid on TARP Contracts: Lockhart
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Mortgage Rates Soar; Biggest Jump Since ’87
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