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Dick Bove: Freddie Mac is insolvent

Nov 04, 2015By

Freddie Mac CEO Donald Layton cited a hedging loss of $4.2 billion as reason for the quarterly results, which Richard Bove, vice president of equity research at Rafferty Capital Markets, takes exception to. “This company is insolvent and playing financial games that are not acceptable,” Bove told clients Wednesday.

3d rendering of a row of luxury townhouses along a street

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