Wednesday, March 11, 2009

Freddie Mac Reports Fourth Quarter and Full-Year 2008 Financial Results - News Archive - Freddie Mac--$30,700,000,000 negative equity=$30,800,000,000 from US Treasury

Here is the  press release which told  news media that $30.8 billion being requesting from the US Treasury.

As a result of the fourth quarter 2008 net loss and mark-to-market effects on the company’s accumulated other comprehensive income (loss) (AOCI) related to unrealized losses on available-for-sale securities, the company’s stockholders’ equity (deficit) totaled $(30.7) billion at December 31, 2008. Pursuant to Treasury’s funding commitment under the Purchase Agreement, the Director of the Federal Housing Finance Agency (FHFA) has submitted a request to Treasury for funding in the amount of $30.8 billion. The company expects to receive such funds in March 2009.

For the actual financial statements go to:

Freddie Mac Reports Fourth Quarter and Full-Year 2008 Financial Results - News Archive - Freddie Mac

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