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)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>