AP - Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when the Securities and Exchange Commission accepted its registration statement filed earlier in the day.
Bloomberg - July 18 (Bloomberg) -- Fannie Mae and Freddie Mac need a new
structure and shouldn't remain private if they receive capital
from the government, said John McCain's leading economic adviser,
while Obama's top economist urged quick action on a Treasury plan
to shore up the companies.
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