Freddie Mac Reports Better Than Expected First Quarter Results

2008-05-14

"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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