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Chinese selling Fannie, Freddie bonds while threatening further retribution

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posted on Oct, 5 2008 @ 04:53 PM
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I wonder what "further retribution" means from the Chinese ?

Found this write up about the US Dollar Doomed as Credit Crisis Turning into a Currency Crisis '

Quote.
"As I mentioned in last month's issue, Treasury Secretary Paulson was under severe pressure to act, as the Chinese started selling Fannie and Freddie bonds while threatening "further retribution". Common shareholders were left with nothing, while bondholders like Pimco and Asian central banks benefited. The small investor was stung again, as taxpayer dollars were used to bail out foreigners and wealthy Americans in a policy that Jim Rogers terms “socialism for the rich.”

marketoracle.co.uk...



[edit on 5-10-2008 by Reevster]




posted on Oct, 5 2008 @ 05:04 PM
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Further retribution means that they could stop buying out the American debt when is put up for auction during this time of the year.

China is now our biggest lender and we they biggest debtors.

This how low the leaders of what use to be the great nation of the US with their corruption has made of our nation a fallen superpower because of greed.



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