20 biggest money losers
The aftermath of the burst housing bubble continues to hit Freddie Mac and Fannie Mae — they’re the two worst Fortune 500 money losers for the second year in a row. In fact, Freddie Mac’s losses the past three years were among the 20 worst annual losses any Fortune 500 company has suffered since the list began. Meanwhile Fannie narrowed its losses on risky mortgages in 2010, but the company’s balance sheet is still ugly. Which other companies lost big bucks?
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