Freddie Moves Toward Stock Sale
Jul 21st, 2008 | By WSJ.com: Real Estate | Category: News worldwide
Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors. The move would have the potential to avoid a full-blown government rescue for Freddie and Fannie Mae. Friday, Freddie filed an SEC form to register its common stock, removing one obstacle that has kept the company from raising capital.