Foreign Banks Next

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Submitted by Raybyrnes on September 12, 2008 - 7:01pm

BUSINESS / WORLD BUSINESS | September 5, 2008
Main Bank of China Is in Need of Capital
By KEITH BRADSHER
China’s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.

http://www.nytimes.com/2008/09/05/busine...

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The only problem with this
Submitted by jonnycsd on September 13, 2008 - 8:56am.

The only problem with this outcome is that we should have sold them $2 trillion worth.

Don't forget China is still a
Submitted by Arty on September 13, 2008 - 9:11am.

Don't forget China is still a communist government in theory. Bill out is in its blood and it's probably in its constitution. Like Jim Rogers said, "we are more communistic these days compare to China."