Thread: Russia Unloads Half Freddie/Fannie Exposure

Russia cuts exposure to US mortgage lenders - c.bank

Mon Jul 28, 2008 9:19am EDT

MOSCOW, July 28 (Reuters) - Russia has approximately halved to less than $50 billion its exposure to U.S. mortgage lenders Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), a senior central bank official told Reuters on Monday. "It's now less than $50 billion," central bank first deputy chairman Alexei Ulyukayev said, when asked about Russia's investments in the agencies.

Russia held about $100 billion at the start of 2008. (Reporting by Yelena Fabrichnaya, writing by Robin Paxton)

http://www.reuters.com/article/fundsFun ... 3320080728

*******WORLD BANKERS CONTROLLING THE WORLD ********

Ahh! Just wait until China starts unloading its 40plus percent of its Treasury securities, much of them based on nothing as the Mint keeps printing more money. All our public officials are doing is trying to appease those overseas who hold our fate in their hands (Bush going to the Olympics). My gut feeling is that we are in serious trouble now, but ain't seen nothing yet.

And the US government has told them that they will get help for what has happened, gee I wonder who will help them?
It will be the AMERICAN taxpayers. thats who will help them, thanks to the government offering us to help.
We have no say so, about anything anymore.

Its pretty funny how all these investors ( read suckers ) think they are getting such great deals now in real estate and the stock market. A dead cat only bounces once off the floor, but it will bounce about 50 times if you drop it down the stairs.
After the elections this country may move into a full fledged depression or worse if the other countries find out how truly worthless the currency is.
Thanks Bernanke.

Originally Posted by lateone

Its pretty funny how all these investors ( read suckers ) think they are getting such great deals now in real estate and the stock market. A dead cat only bounces once off the floor, but it will bounce about 50 times if you drop it down the stairs.
After the elections this country may move into a full fledged depression or worse if the other countries find out how truly worthless the currency is.
Thanks Bernanke.

Bernanke isn't the only one. The CFR's plan to end the dollar was started a while back. The bush tax cuts, the bailing out of the mortage maggots, the Iraqi war, the handing over of benefits to people who AREN'T EVEN SUPPOSED TO BE HERE, and whatever else that required the fed to print more greenbacks and flood the system with as much paper as possible was the plan so that their precious Amero could be implemented. The bankers of yesteryear even knew back then that a fiat paper currency would one day implode, but those who benefited didn't have to care..their billions will have already been made.