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China SAFE Denies Report On Possible Fannie, Freddie Losses

February 11th, 2011 Admin No comments

BEIJING -(Dow Jones)- China’s foreign exchange regulator on Friday denied a media report that said it could face losses of up to $450 billion on its holdings of securities issued by U.S. housing-mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC).

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China SAFE Denies Report On Possible Fannie, Freddie Losses