[lbo-talk] China frets at U.S. risk after Fannie/Freddie bailout

uvj at vsnl.com uvj at vsnl.com
Wed Sep 10 17:36:07 PDT 2008


China frets at U.S. risk after Fannie/Freddie bailout http://uk.reuters.com/article/gc06/idUKPEK21188620080908?sp=true

Mon Sep 8, 2008

BEIJING (Reuters) - The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.

China owned $376 billion of debt issued by U.S. government agencies, principally Fannie and Freddie, as of mid-2007. http://uk.reuters.com/article/gc06/idUKPEK21188620080908?sp=true



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