The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (132898)	7/11/2008 12:04:53 PM
From: Live2Sail	Read Replies (1) of 306849

GSE Credit Default Update Tony Crescenzi 7/11/08 9:12 AM EDT Bloomberg is reporting that the cost of protecting against default against Fannie Mae (FNM) and Freddie Mac's (FRE) debt has fallen today, but 12 basis points to 65 basis points. The drop relates to talk of a U.S. bailout of the GSEs. Interestingly, insurance against Treasuries has increased 4 basis points to 18 basis points, reflecting the strain that a bailout would put in the U.S. You want fear? There's none bigger than fear against a U.S. default.

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