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
Added: Sep 7, 2008; Author: ofInterestNZ; Duration: 2:50; Views: 887
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