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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (37932)	7/27/2008 9:50:33 PM
From: joseffy	Read Replies (1) \| Respond to of 48461

"The abiding lesson here is what happens when you combine private profit with government power."

To: Bucky Katt who wrote (37932)	7/28/2008 4:10:28 PM
From: joseffy	Read Replies (1) \| Respond to of 48461

Russia cuts exposure to Freddie, Fannie Monday July 28 uk.biz.yahoo.com MOSCOW July 28 (Reuters) - Russia has cut its exposure to U.S. mortgage lenders Fannie Mae and Freddie Mac to less than $50 billion by not refinancing matured short-term debt, a senior central bank official told Reuters on Monday. Russia held about $100 billion in U.S. agencies Freddie, Fannie and Federal Home Loan Banks at the start of 2008, as part of its now near-$600 billion reserves, although over 80 percent of the holdings were due to mature within the year. 'It's now less than $50 billion,' central bank first deputy chairman Alexei Ulyukayev said. 'We had short-term paper. They mature: you can refinance and buy some more, or you can not,' he told journalists later, when asked about why the central bank had reduced its holdings. Ulyukaev did not comment on Russia's holding in the U.S. Federal Home Loan Bank System (FHLB). . . .