of the world's main holders of big foreign currency reserves, are also pushing the idea of an alternative world reserve currency to the dollar, voicing concern that Obama's massive bailout packages could weaken the U.S. currency. Obama dismissed the
Mortgage Bonds Hitting New Lows
From Bloomberg yesterday: June 10 (Bloomberg) — Some of the U.S. mortgage bonds at the center of the yearlong credit crisis are slipping toward new lows, as climbing gas prices, unemployment and interest rates deepen concern that homeowner defaults will increase. The benchmark Markit ABX index...
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