I would not be surprised if they are completely off the Fortune 500 in a couple of years because of bad loans.

Freddie Mac Ranks No. 50 on the 2007 Fortune 500

June 13 2007: 10:51 AM EDT

NEW YORK (Fortune) — Freddie Mac (FRE (Charts, Fortune 500)) ranks no. 50 on FORTUNE’s list of America’s largest corporations.

The McLean, VA-based company was ranked No. [omitted in article] on the 2006 list. Its 2006 revenues were up 20.5 percent from the previous year; profits were up 3.8 percent from the previous year.

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