Go Back   DailyFX Forum

View Single Post
  #8349 (permalink)  
Old 08-08-2008, 09:20 AM
trip00's Avatar
trip00 trip00 is offline
Member
 
Join Date: Aug 2006
Posts: 197
trip00 is on a distinguished road
More pain at Fannie - $2.3 billion loss

Mortgage finance giant suffers much larger-than-expected loss due to reserves for credit losses and slashes its dividend to preserve capital.

thats directly off cnn, go dollar. maybe you will rally to 1.45 on MORE bad news

Last edited by trip00; 08-08-2008 at 09:23 AM..
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 07:11 PM.
Copyright ©2009 Daily FX. All Rights Reserved.