Tuesday, August 5, 2008

Guess what country is number four on the list of foreign countries investing in the subprime loans of Freddie Mac and Fannie Mae

TOP 5 foreign government investors:

China
Japan
Cayman Islands
Belgium
Luxemburg

Would you believe it?

These are not official figures but according to the "Telegraaf" a Dutch newspaper, the Belgian government bought 21 000 000 000 euro (35 billion dollars) loans from Freddie and Fannie.

hat tip to Fre

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