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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (24939)4/11/2000 7:11:00 PM
From: NickSE  Read Replies (1) of 42523
 
"Fannie Mae is more highly leveraged than not only the biggest bank and biggest security firm in this country but also than Long-Term Capital was at its height, Baker said at a House Banking Committee hearing on unrelated hedge fund legislation.

Baker said Fannie Mae's leverage ratio -- the size of its assets measured against its capital -- was 33 to 1, compared with Greenwich, Connecticut-based hedge fund Long-Term Capital's 28 to 1 at its largest. Other financial institutions have lower leverage ratios, by Baker's figures: Merrill Lynch & Co., the biggest U.S. brokerage, has a 26-to-1 ratio, while Citigroup Inc., the biggest
U.S. bank, reports 14 to 1.

quote.bloomberg.com
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