Replies

To: Afronaut

In the big picture, 20B ain’t exactly peanuts, but it’s not really a significant fraction of total FRE and FNM equity.

Not a whole lot of exposure there.

87 posted on 09/07/2008 4:05:19 PM PDT by djf (I always see turkeys in Oregon. Sometimes, I see birds as well.)

To: djf

That was posted as an FYI

93 posted on 09/07/2008 4:12:50 PM PDT by Afronaut (It's 1984)

To: djf

Agree.

Citi alone has written down $50 billion. I don’t think China would have any problem absorbing a $20 billion writedown.

Lehman has $20 B in write downs already. No, not massive exposure there for China.

96 posted on 09/07/2008 4:16:00 PM PDT by Freedom_Is_Not_Free

To: djf

Agree.

Citi alone has written down $50 billion. I don’t think China would have any problem absorbing a $20 billion writedown.

Lehman has $20 B in write downs already. No, not massive exposure there for China.

98 posted on 09/07/2008 4:18:51 PM PDT by Freedom_Is_Not_Free

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