Tags: Banks + Economy + housing + Money Market Funds + sub prime
One has to wonder why the silence on Ginnie Mae, the direct US government agency that guarantees mortgage pools for lenders with the full faith and CREDIT of the US. Indeed GNMA securities, because of their direct US Government backing have increased in value while every other mortgage
February 1, 2008 - Markets, Politics - 0 Comments
Tags: Banks + Economy + housing + Money Market Funds + sub prime
Global markets are faced with great uncertainty as we wind up 2007. The sub-prime mortgage debacle unleashed in the US now threatens the very fabric of credit on a worldwide scale. While the US has a nine month start on confronting the problem of over-valued real estate, the rest of the world is just now […]
December 11, 2007 - Markets - 0 Comments
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