ECB Recommends Central Banks Sell U.S. Agency Debt

Bloomberg ^ | 28JUL03 | Bloomberg

[Fyscat]

July 28 (Bloomberg) -- The European Central Bank is eliminating its holdings of debt issued by Freddie Mac and Fannie Mae, the two biggest U.S. providers of mortgage financing, and recommended that its national central banks do the same, according to a person who has seen the ECB's recommendation.

[MeneMeneTekelUpharsin]

Uh oh...most people won't get this.

[Starwind]

Back atcha!

[LurkingSince'98]

if you have a ping list - please count me in
Regards,
Lurking'

[Pikachu_Dad]

Sounds like an attempt to undermine the U.S. economy by divesting.

[AdamSelene235]

Sounds like an attempt to undermine the U.S. economy by divesting.

Puh-lease.....We did this to ourselves. You can't cheat an honest man.

[AdamSelene235]

Cue the Jaws theme song

Da Dump

Da Dump

Da Dump Da DumpDa Dump Da DumpDa Dump Da DumpDa Dump Da DumpDa Dump Da DumpDa Dump Da DumpDa Dump Da DumpDa Dump Da Dump

Aieeeeeeeeeeeeeeeeeeeeeeee!!!

[lelio]

ECB doesn't disclose breakdown of its reserves and spokeswoman Schueller declined to comment on how much U.S. agency debt either the ECB or the 12 national central banks of the nations sharing the euro hold.

Why not? That would be very enlightening.

[Texas_Longhorn]

Long term interest rates...here we go....