FRIDAY, OCTOBER 24, 2008
UP AND DOWN WALL STREET DAILY
Taiwan Dumps Fannie, Freddie.
And Uncle Sam?
By RANDALL W. FORSYTH
Despite bailout, GSE debt is eschewed by major foreign investor, and ally.
WHO LOST TAIWAN?
After Mao drove the Nationalists off the Mainland in 1949, the cry went up among U.S. conservatives, “Who lost China?”
Now Washington might well worry about who lost Taiwan as a major investor in U.S. agency securities as the Republic of China has openly questioned their credit quality — even after the federal government has committed hundreds of billions of dollars to bail out mortgage giants Fannie Mae and Freddie Mac. Read the rest of this entry »
In These New Times 