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Is this why Congress is being asked to bail out Freddie and Fannie?(QuickQuotes)(Brief article)

The New American

| September 29, 2008 | McManus, John F. | COPYRIGHT 2008 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"[China's central bank] has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion of Treasury bonds and mortgage-back debt issued by Fannie Mae and Freddie Mac."

Reporting that the main bank in China is in need of capital, ...

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Source: HighBeam Research, Is this why Congress is being asked to bail out Freddie and...

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