Michael, on 10/3 the Chairman of the St. Louis Fed made a speech in which he essentially said the following: 30% of US financial assets are in mortgages The two parastatals have about 50% of the market They are SERIOUSLY undercapitalised also it is not clear whether the Tresury will bail them out which means that we are (again) in a situation of moral hazard and we could face the repeat of the S&L debacle. This may be the consequence... In any case, whatch those two. If they go, we go. Your swimsuit is under your seat. aldo
Aldo Matteucci 61, Ludlam Cr. LOWER HUTT 6009 NEW Zealand [EMAIL PROTECTED] (preferred) [EMAIL PROTECTED] [EMAIL PROTECTED]
