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To: Les H who wrote (205204)11/15/2002 10:22:18 PM
From: Ken98  Respond to of 436258
 
<<They do not appear to be making the common error of using short-term finance to back long-term liabilities >>

My recollection is that this statement is wrong and fannie has done precisely that. I recall that their average maturity on borrowed money is less than 5 years and average maturity of loaned money is greater than 10 years.