What About Fannie, Freddie

Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds: source

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."

fyi...just the facts, ma'am...it's all essentially about assimilation into the global economy...however it's packaged and sold to the public. Few understand the bottom line of all these 'current events'...which is basically this: the globalists have no further need for this country. That is simply the hard reality.

Keep watching

see: blueprint-for-us-economic-takeover; fed and global

Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man. Luke 21:36

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