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Federal Reserve to rescue US mortgage giants
http://www.theaustralian.news.com.au/story/0,25197,24015819-...
Submitted by cij 1 month, 3 weeks, 2 days, 18 hours ago
Note this: "China and Japan were by far the largest investors in such securities [long-term debt issued by US government agencies as of June 2007], holding $US376 billion and $US229 billion, respectively. It isn't clear how much debt either country owns from Fannie and Freddie specifically."
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