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To: long-gone who wrote (57302)8/16/2000 12:56:35 AM
From: PaulM  Read Replies (2) | Respond to of 117005
 
FANNIE TO BORROW IN EUROS

markets.ft.com

How Clintonesque.

Now Fannie will do its mortgage thing at home by borrowing overseas. Won't that feel good. They put less upward pressure on domestic rates and, as a bonus, get to short the euro in favor of the dollar. Win-win! And I'm sure nobody in America will notice that Clinton is again handing our balls to whatever foreigner wants them for the squeezing, as a US governmental (quasi governmental?) institution borrows in a currency OTHER THAN DOLLARS, probably for the first time ever. And all just to jeep the liquidity flowing.