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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (565)3/23/2000 3:37:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 33421
 
I think that's an interesting article, but I also think that the sword could cut both ways... if these instruments are no longer insured by the government, then this might make the bond market more attractive since that would be the only safe haven left..... just a thought here.....

GZ



To: John Pitera who wrote (565)3/23/2000 7:53:00 PM
From: Investor2  Read Replies (1) | Respond to of 33421
 
RE: "The comments by Treasury undersecretary Gensler that quasi-Govt debt such as Fannie Mae's, Ginnie Mae's and
Feddie Mac's may no longer be backed by the full faith and credit of the US Govt. is an unusual policy shift, if it occurs."

I don't believe the proposed change in policy affects GNMA's.

Best wishes,

I2