opening with a 5% decline will pretty much guarantee that the CBs will be tripped, how many and how bad is the only question
Taiwan's financial regulators reportedly have ordered that nation's insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine.
Originally posted by anachryon
Barrons
Taiwan's financial regulators reportedly have ordered that nation's insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine.
That is way worse than bad. The ship is sinking and it is being abandoned. Reminds me of everyone for themselves. Although the way this problem is structured, it will affect one and all.
It's official I just called off. I have to watch this. It's like a car wreck, you don't want to look but you have to.
[edit on 24-10-2008 by seejanerun]
