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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (82032)1/3/2000 2:22:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
nothing in particular. but: LT rates shooting up means that off-balance sheet interest rate derivatives are presumably sinking ever deeper into the red. let's not forget: the loss on those Fannie and Freddie hedges gets ever bigger. i suppose CMB is among the bag holders on those.
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