Wednesday, September 10, 2008

Quick market reaction?

Insurance boss quits after $135m Fannie and Freddie losses

The chief executive of Old Mutual, the FTSE 100–listed insurance group, resigned unexpectedly this morning after it admitted losing $135m through the nationalisation of Fannie Mae and Freddie Mac.

Posted by peter_2008 @ 02:38 PM (429 views)
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