Freddie Mac's negative net worth raises questions
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2008-08-07 — reuters.com
``Freddie Mac hopes to raise $5.5 billion of additional capital to bolster its balance sheet, but in a sense that would just bring it back to about zero: the company's assets had a negative $5.6 billion net fair value at June 30, compared with their accounting value of $12.9 billion, according to financial statements Freddie posted on Wednesday.''
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