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 RUSSIA MARKETS UPDATE    
Europe Offers €1.16 Trillion Bank Support
Oct 13, 6:31 PM ET

European leaders after a weekend of discussions offered national plans to support banks and also take direct stakes in banks that will wipe out many shareholders. The European governments offered €1.16 trillion to support banks in Germany, France, Spain and Austria. UK will take direct stakes.

   
 
       
 
  
  
 
 
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Galiot Capital
Agency RMBS consist of single-family residential, pass-through certificates and CMOs, for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The agency securities that the Company intends to acquire provide funds for mortgage loans made to residential homeowners. These securities generally represent interests in pools of mortgage loans backed by savings and loan institutions, mortgage bankers, commercial bankers and other mortgage lenders.
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