NewsWhore
06-06-2012, 03:10 AM
Swaps Born in U.K Boom Haunt Buyers After Rates Slide: Mortgages (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE_2p0r17Fr1fBzctpSCES1pD9hWg&url=http://www.bloomberg.com/news/2012-06-05/swaps-born-in-u-k-boom-haunt-buyers-after-rates-slide-mortgages.html)
Bloomberg
That puts UK property investors among small business owners, Italian towns and US municipalities including Jefferson County, Alabama, that exposed themselves to losses after buying derivatives to guard against changes in interest rates and currencies.
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[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE_2p0r17Fr1fBzctpSCES1pD9hWg&url=http://www.bloomberg.com/news/2012-06-05/swaps-born-in-u-k-boom-haunt-buyers-after-rates-slide-mortgages.html]More... (http://news.google.com/news/more?ned=us&ncl=dVg88KKb74zIvbM)
Bloomberg
That puts UK property investors among small business owners, Italian towns and US municipalities including Jefferson County, Alabama, that exposed themselves to losses after buying derivatives to guard against changes in interest rates and currencies.
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[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE_2p0r17Fr1fBzctpSCES1pD9hWg&url=http://www.bloomberg.com/news/2012-06-05/swaps-born-in-u-k-boom-haunt-buyers-after-rates-slide-mortgages.html]More... (http://news.google.com/news/more?ned=us&ncl=dVg88KKb74zIvbM)