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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: James Hutton who wrote (191402)3/17/2009 10:53:41 PM
From: Les HRespond to of 306849
 
Freddie Mac lost $15B from interest rate hedges

Another bet that didn't pay off for Freddie was on interest rates. The firm's managers bought derivatives that would pay out if interest rates rose. Instead, a global financial meltdown has caused interest rates to plummet. That resulted is a $15 billion loss for Freddie from its hedges.

news.yahoo.com

these guys are in receivership and they get to keep gambling. isn't life rich?



To: James Hutton who wrote (191402)3/18/2009 12:20:39 AM
From: energyplayRead Replies (1) | Respond to of 306849
 
The IOU that just keeps rolling over -

"cumulative perpetual preferred stock"