http://mortgage.freedomblogging.com/2007/11/19/freddie-macs-subprime-losses-could-hit-5-billion/
| Quote: |
Freddie Mac's subprime losses could hit $5 billion November 19th, 2007 · 5 Comments · posted by Diana McCabe Credit Suisse told Reuters that Freddie Mac might report a loss of between $1 billion to $5 billion on its subprime AAA portfolio: "If the recent credit spread widening does not reverse over the coming quarters, we believe that Freddie could recognize an other-than-temporary impairment of between $1-5 billion," the brokerage said in a research note. Reuters writes that the losses may force Freddie to sell some of its portfolio holdings or raise capital by issuing preferred stock, the note added. |
could be 1 billion could be 5
in other words we do not know
Mr Murphy is having the time of his life
Comments(0)