2008-05-14 — thetruthaboutmortgage.com
"Freddie Mac today reported a first quarter loss of $151 million, or 66 cents per share, a huge improvement from the company’s fourth quarter loss of $2.5 billion, or nearly $4 per share."
Sounds great, right? But then there's this: Freddie Mac Accounting Changes Reduce Losses By $2.6 Billion.
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