<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a59f593c-dafa-4f82-a014-8f5bf654ec2d/04730004-1E82-4967-A2B6-F0DFFBBB699E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#" href="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#"><P>The struggling mortgage lending giant, <A title="More information about Freddie Mac" href="http://topics.nytimes.com/top/news/business/companies/freddie_mac/index.html?inline=nyt-org">Freddie Mac</A>, said Monday that its chief executive, <A title="More articles about David M. Moffett." href="http://topics.nytimes.com/top/reference/timestopics/people/m/david_m_moffett/index.html?inline=nyt-per">David M. Moffett</A>, had resigned effective March 12. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#"><P>The board, in a statement, said it was working with its regulatory overseer, the Federal Housing Finance Agency, to find a successor.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#"><P>Freddie Mac, and its larger sibling, <A title="More information about Federal National Mortgage Association (Fannie Mae)" href="http://topics.nytimes.com/top/news/business/companies/fannie_mae/index.html?inline=nyt-org">Fannie Mae</A>, were both taken over by the federal government in September amid losses because of a decline in the value of their holding, receiving a lifeline of $200 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/03/03/business/03freddie.html?_r=1&hp#"><P>The resignation came a few days after Freddie Mac said it needed at least $15.2 billion in government aid because it lost nearly $59 billion last year as the foreclosure crisis mushroomed. The company said on Thursday that it lost $25.2 billion, or $4.47 a share, in the fourth quarter, compared with a loss of $3.6 billion, or $3.80 a share, a year earlier. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/04730004-1E82-4967-A2B6-F0DFFBBB699E/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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