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Old March 31st, 2005, 02:01 PM
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Freddie Mac 2004 Profit Plunges (Reuters)

Reuters - Freddie Mac , the mortgage
funder pushing to emerge from an accounting scandal, on
Thursday said 2004 profit fell about 40 percent on losses on
contracts used to hedge against interest rate risk, but it
showed improvement based on other measures of performance.

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