Lazy strategy of the Central Bank has saved $ 70 billion

Banks Finansy26-09-2008 Lazy strategy of the Central Bank has saved $ 70 billion, the Central Bank of Russia not only lost their money, but earned on U.S. mortgages. Scandalous mortgage securities by Fannie Mae and Freddie Mac brought the Russian government a profit of $ 1 billion this joyous news said Russian presidential aide Arkady Dvorkovich in conversation with students at the International University in Moscow: "In fact, the value of bonds of Fannie Mae and Freddie Mac even increased . Recall that the central bank in 2007, invested in bonds of U.S. mortgage agencies 2000000000000 475 000 000 000 388 100 000 rubles (a little over $ 100 billion). "Investments in institutions such as Fannie Mae and Freddie Mac, down from over $ 100 billion to less than $ 30 billion Thus, our risks relating to the American economy, is seriously reduced. But they are, in such investments is always a risk, "- said Dvorkovich. Assistant to the President noted that the Bank of Russia to reduce the risks to shift some assets in the European assets, mainly deposits of state and quasi-banks ". As the central bank failed to win on the securities of Fannie Mae and Freddie Mac, despite the fact that the quotations of bonds of mortgage agencies were falling on the stock exchange? Due to the highly intellectual management and tricky games with attachments?