Wednesday, November 28, 2007

Is $6bn a lot of money these days?

Freddie Mac in $6bn share issue

"The record defaults over the past year have been sparked by higher US mortgage rates." That could never happen in the UK though. The market is underpinned by, what was it again? Something the Americans didn't have... speculation, high demand, loose lending, hot air etc. etc. etc. Nothing to see at the BBC.

Posted by tony lewis @ 05:37 AM (617 views)
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