Friday, July 25, 2008

Freddie Mac Registers With SEC

Investor's Business Daily (07/21/08) P. A1
Freddie Mac's share price rose 10 percent after the Securities and Exchange Commission gave it permission to sell stock to offset losses. The government-sponsored enterprise promised in May to raise $5.5 billion, and published reports indicate that it could be gearing up to sell as much as $10 billion in stock.

No comments: