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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (24939)	4/11/2000 7:11:00 PM
From: NickSE	Read Replies (1) \| Respond to 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