3 years, 1 month ago
In 2008, how much Fannie and Freddie did the Chinese sale off?
When the US sub-prime market imploded, who much GSE paper did the Chinese sell?
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M$1 Answer
That's an interesting question.
On the site naked capitalism...
They stated:
The sale by China’s fourth largest commercial bank, which reduced its holdings of so-called agency debt by $4.6bn, is a sign of nervousness among foreign buyers of Fannie and Freddie’s bonds and guaranteed securities.
http://www.nakedcapitalism.com/2008/08/bank-of-china-cuts-gse-holdings-by-25.html
But I couldn't find anything more specific.
On the site naked capitalism...
They stated:
The sale by China’s fourth largest commercial bank, which reduced its holdings of so-called agency debt by $4.6bn, is a sign of nervousness among foreign buyers of Fannie and Freddie’s bonds and guaranteed securities.
http://www.nakedcapitalism.com/2008/08/bank-of-china-cuts-gse-holdings-by-25.html
But I couldn't find anything more specific.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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