The Christian Louboutin Soso 100mm Black Patent Leather US sub-prime mortgage crisis has engulfed the nation’s second-biggest guarantor of home loans, Freddie Mac, which warned yesterday that it was in danger of breaching minimum liquidity requirements.Freddie Mac’s shares collapsed by 25% as the government-sponsored company revealed a $2bn (£970m) quarterly loss, a $1.2bn provision against bad loans and an $8.1bn drop in Christian Louboutin UK the value of its assets. It said it was considering slashing its dividend to shareholders by 50%.Created in 1970, Freddie Mac is supposed to promote home ownership by purchasing and guaranteeing mortgages, thereby pumping funds into the mortgage industry with implied backing from the US government. It has a larger sister, Fannie Mae, which fulfils a similar function.In a sign of the scale of its losses, Freddie Mac has called in Goldman Sachs and Lehman Christian Louboutin Very Riche 120mm Aurora Boreale Brothers to advise it on “very near-term capital-raising alternatives”. It said its core capital of $34.6bn was just $600m above the 30% mandatory target for its financial surplus directed by the US government.Richard Syron, chief executive, said the company was taking “aggressive, forward-looking and financially prudent” steps to meet Christian Louboutin Mago 160mm Black its responsibilities. Speaking in a conference call, he was pessimistic about the economic outlook
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