FannieMae bailout would send tax dollars to China

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."

FreedomWorks President Matt Kibbe commented, "The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries."

Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds



Then today we get this:

U.S. plan to save Fannie and Freddie

Special Report
Mortgage Meltdown

* U.S. plan to save Fannie and Freddie
* IndyMac: Your money is safe - FDIC
* The fall of IndyMac
* Regulators seize troubled IndyMac

NEW YORK (CNNMoney.com) -- The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy.

Treasury Secretary Henry Paulson said the Bush administration plans to ask Congress to enact legislation to temporarily increase the line of credit that the companies have with the Treasury. It would also allow the Treasury to buy stock in the companies.

U.S. plan to save Fannie and Freddie

Paulson also said the Federal Reserve should be given a greater role supervising the finances of Fannie and Freddie.

That above makes you think do they want to control all of the private financial institution's?

We have a whole bunch of traitors in this nation and they are getting away while murdering this nations.

Interesting how our nation doesn't belong to Americans anymore our children future is for sell.

Pity.

reply to post by marg6043


You couldn't have said it any better.

It's amazing how anything can be bought these days: From a vote to a President, it's just amazing.

Wow, looks like this has happened.

Asian Markets Soar 3% on Fannie Freddie bailout