China frets at US risk after Fannie/Freddie bailout

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.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA