China bought around $600bn of the agency bonds issued
Freddie Mac and Fannie Mae own or guarantee almost half of all American mortgages, which were financed via $5 trillion in "agency" bonds—of which $1 trillion were taken up by foreign governments, with China taking around $600bn.
PAGE NAVIGATOR(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
▲
Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
▲
Investment banks incentivised to move into riskier activities »Investment banks incentivised to move into riskier activities
▲
Originating and distributing complex derivative securities »Originating and distributing complex derivative securities
▲
Asian investment in Fannie Mae and Freddie Mac »Asian investment in Fannie Mae and Freddie Mac
■
China bought around $600bn of the agency bonds issued
►
70% of China's foreign assets in form of loans to US »70% of China's foreign assets in form of loans to US
+Commentaar (0)
+Citaten (1)
+About