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Mortgage Investment Meltdown: REITs Deepening Bond Losses as Leverage Forces Sales

Annaly Capital Management Inc. (NLY)’s Wellington Denahan, head of the largest mortgage real-estate investment trust, told investors less than three months ago that reports REITs could threaten U.S. financial stability were as misleading as the media frenzy over shark attacks in 2001.

via REITs Deepening Bond Losses as Leverage Forces Sales – Bloomberg.

 

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