Freddie Mac eyes potential capital raising

黑山老妖

就怕10billion也杯水车薪，不够啊。说不定又是中国人买单。
http://www.businessspectator.com ... -GN7QK?OpenDocument

Ailing mortgage giant Freddie Mac is considering a potential sale of up to $US10 billion in new shares to raise capital, reports The Wall Street Journal, citing people familiar with the matter .

According to the paper, the capital raising may allow the mortgage provider to stave off a government rescue, which has come under severe criticism on Capitol Hill.

"We're considering the full array of options before us …. We're not at the stage of talking about the exact when," Freddie Mac chief executive officer Richard Syron said in an interview.

Last week, stock in Freddie Mac and its peer Fannie Mae plummeted about 45 per cent as the market feared the firms had insufficient capital to cover mortgage losses.

The decline led to action by the US Treasury Department to temporarily extend an unspecified credit line to both companies, in an effort to stabilise the broader market.