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Old 7th August 2008, 09:46 AM   #1

Username: RSS News User
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Default Freddie posts 4th straight quarterly loss and slashes dividend (Reuters)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080806/bs_nm/freddiemac_results_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080806/2008_08_06t061514_450x262_us_freddiemac_results.jp g?x=130&y=75&q=85&sig=V7QRQzelIrD1wHcm4e_E5A--" align="left" height="75" width="130" alt="The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)" border="0" /></a>Reuters - Freddie Mac , one of the major
players in the U.S. mortgage market, on Wednesday posted its
fourth straight quarterly loss as it braced for a prolonged
housing market slump by setting aside twice as much money for
bad loans and cutting its dividend by at least 80 percent.</p><br clear="all"/>

View the entire article: Freddie posts 4th straight quarterly loss and slashes dividend
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