Mon Sep 8, 2008
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BEIJING, Sept 8 (Reuters) - China's central bank said on Monday that Washington's bailout of its ailing mortgage giants Freddie Mac (FRE.N: Quote, Profile, Research) and Fannie Mae (FNM.N: Quote, Profile, Research) was positive because it should be able to stabilise markets and boost confidence.
The People's Bank of China also urged the U.S. government to be responsible in maintaining financial market stability, and the protection of investor interests. http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKPEK27370620080908