[lbo-talk] China c.bank-U.S. mortgage rescue helps stability

uvj at vsnl.com uvj at vsnl.com
Tue Sep 9 09:21:32 PDT 2008


UPDATE 1-China c.bank-U.S. mortgage rescue helps stability http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKPEK27370620080908

Mon Sep 8, 2008

(Adds background, quotes)

BEIJING, Sept 8 (Reuters) - China's central bank said on Monday that Washington's bailout of its ailing mortgage giants Freddie Mac (FRE.N: Quote, Profile, Research) and Fannie Mae (FNM.N: Quote, Profile, Research) was positive because it should be able to stabilise markets and boost confidence.

The People's Bank of China also urged the U.S. government to be responsible in maintaining financial market stability, and the protection of investor interests. http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKPEK27370620080908



More information about the lbo-talk mailing list