Subprime Skeletons Still In Closets |
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Freddie Mac (FRE: 27.25 +2.29 +9.17%) today reported a net loss of $151 million, or 66 cents a share, which was better than the 84 cent per share loss analysts had expected. Investors were happy with this, although in reality most of this was simply due to some new accounting rules which allowed Freddie to boost its earnings by around $1.3 billion. Freddie also said it would be raising $5.5 billion to help cushion any losses in its home loans. Considering that RealtyTrac, the online
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