The opening move in The Prisoner's Dilemma tends to be the winning move.
Russia cuts exposure to US mortgage lenders
Mon Jul 28, 2008 9:19am EDT
Reuters
MOSCOW, July 28 (Reuters) - Russia has approximately halved to less than $50 billion its exposure to U.S. mortgage lenders Fannie Mae and Freddie Mac a senior central bank official told Reuters on Monday.
"It's now less than $50 billion," central bank first deputy chairman Alexei Ulyukayev said, when asked about Russia's investments in the agencies.
Russia held about $100 billion at the start of 2008.
Reporting by Yelena Fabrichnaya, writing by Robin Paxton
