Freddie Mac Rakes In Historic Profits For U.S. Treasury
As Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) posted its ninth straight quarterly profit, a whopping $10.4 billion dividend, one might think shareholders would be thrilled. That would be normally be the case, except that the US government took control of Freddie Mac after the 2008 mortgage-led financial crisis and has been putting the profits in the US Treasury ever since.
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