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Why Didn’t the Financial Reform Act Touch It?

August 10, 2010

The Wall Street Journal’s Nick Timiraos: “Freddie Mac reported a second-quarter net loss of $4.7 billion and asked the U.S. Treasury to provide a $1.8 billion infusion, raising the government’s tab for its rescue of the mortgage-finance company to $63.1 billion.The second-quarter loss, the 11th in the last 12 quarters, compared with a year-earlier net profit of $300 million.

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