15 июля 200808:15
Fannie Mae & Freddie Mac’s liability still have best credit rating, Ministry of Finances says
The Russian Federation Ministry of Finances made an official statement regarding Fannie Mae & Freddie Mac’s plummeting stock prices. ‘The current regulations on the management of the country’s Reserve Fund and the National Welfare Fund prevent us from investing their resources in these mortgage lending agencies’ bonds. The liabilities of the U.S. agencies accountable to the state are partially used by the Bank of Russia to deal with the forex/gold holdings. The management of these holdings is closely monitored by the National Banking Council, consisting of Members of Government, the