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Richard Syron Interview
Wednesday, August 06, 2008
NBR Washington bureau chief Darren Gersh interviewed Richard Syron, chairman and CEO of mortgage giant Freddie Mac earlier today. Syron talked about the big loss his company took in the second quarter as well as the outlook for the housing market. A portion of the interview airs in the NBR broadcast; the complete interview is available here.
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Summary of Freddie Mac's Earnings Call
NBR correspondent Stephanie Dhue created this summary of the announcements Freddie Mac's executive team made during today's second quarter earnings call.
| Freddie Mac Plan |
- Slash dividend to 5 cents or less |
- Raise 5.5 billion dollars |
- May not meet capital regulatory requirements |
- Losses through 2008 |
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Related NBR Stories & Links
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External
Links/Articles*
- Freddie Mac
Freddie Mac is a government-sponsored, "stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing." This links to a copy of the firm's second quarter 2008 financial results.
*Clicking these external links will take you off the NBR web site on
PBS.org. NBR has no affiliation with these sites.
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