Panel 1
Credit Crunch very serious
US to pump in US$200 bln
Wanted to avoid collapse
Panel 2
Fannie and Freddie huge players
Now writing 70% of US mortgages
Guarantee half of US$12 trln
Loans worth 38% of GDP
Panel 3
What does it mean for us?
Pressure for higher rates
Or OCR cut may not be passed on
NZ$ up to 67.4 USc
Due to weaker US dollar
HERE HERE!!
popination 3 years ago
End the fed
Chandlerbin2006 3 years ago