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To: PaulM who wrote (57339)8/16/2000 6:52:21 AM
From: long-gone  Respond to of 117011
 
Did you note Fannie or Freddie one had problems last quarter because of derivatives play & CNBC reported on it & questioned the "CEO"? I wonder if these taxpayer supported activities, which are designed to bring housing loans to the masses, should be playing in derivatives? I moreover wonder if these derivatives include the gold(& silver) carry trades or short positions? If these derivatives include anything based on a lower price of gold (& or any other commodity) then is this not an inverse subsidy, or a manipulation of the free market system by a part of our government? Should we even ask what these derivatives losses were - or why thye weren't listed?



To: PaulM who wrote (57339)8/16/2000 7:15:10 AM
From: Giordano Bruno  Respond to of 117011
 
Why not Japan, imagine the yen swap wampum...

Citigroup Inc. (NYSE:C - news) plans to sell 155 billion yen ($1.42 billion) of Samurai bonds, possibly this month, in the largest yen-denominated bond sale ever by a foreign corporation.

biz.yahoo.com