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Old 09-09-2008, 02:02 AM   #19
saden1
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Join Date: Feb 2004
Location: Seattle
Age: 46
Posts: 10,069
Re: US Government takes over mortgage giants

Well this is interesting.

Quote:
At the start of the year Russia held $100 billion -- or over one sixth of its gold and forex reserves -- in Fannie Mae, Freddie Mac and Federal Home Loan Banks. The holdings have since been reduced by around 40 percent.
You know what's really sad? The Russians have $582.5 billion to invest.
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