Nobel laureate Spencer: firmly believe that China will not suffer investment losses

U.S. Eastern Time February 12 (Beijing time February 13), the chairman of the U.S. Growth and Development Commission, Nobel laureate Michael Spencer (Michaelspence) to Sina Finance, said that the U.S. government will continue to support the "two housing" existing bonds, China will not suffer investment losses. China will not suffer loss of assets this Friday, the Obama administration initiated the phasing out of Fannie Mae and Freddie Mac, the two big mortgage finance giants, and pledged to continue supporting the two FNM to ensure that they could repay all their debts.　　In this regard, the whereabouts of China's 450 billion bond investments with "two rooms" have aroused the concern of all sectors of society. Today, the chairman of the US Growth and Development Commission, Nobel laureate Michael Spencer, told Sina Finance that China's role as the largest overseas bond for Fannie Mae and Freddie Mac would not be FNM by the US government's plan to close the two houses. He said: "I firmly believe that the U.S. government will continue to support Fannie Mae and Freddie Mac existing securities, including China's asset holders will not suffer from the sudden loss of policy changes." That is why the US government has proposed to ' step ' down Fannie Mae and Freddie Mac. "Strengthen the privatization of real estate Although the U.S. economy is gradually recovering, but the housing market is still in the doldrums after the financial crisis, Spencer told Sina Finance, he himself supported the U.S. government's decision," the United States must now remove housing subsidy measures, The transformation of the real estate sector in the capital markets into a properly managed private business requires gradual, step-by-step. "The financial crisis has led to a retreat of private capital from the US housing market, with more than 90% per cent of new mortgage loans being secured by the two houses and the Federal Housing Authority," the data show.　　The report argues that U.S. government support has played a stabilizing role in the housing market, but the Obama administration believes that in a normal market environment, the private sector should be the main source of mortgages and bear the associated losses. "Close to the government" is an important reason for closing two houses. There is widespread concern in the market that "two-room closures" will exacerbate the precarious real estate sector, in this regard, Spencer said that if the plan to close Fannie Mae and Freddie Mac could be completed gradually, it would not have a negative impact on the property market in the short term, and in the long run,　　This will make it more perfect. Spencer said the main reason for closing the two houses was that "the two government-funded institutions are too big and too close to Congress".　　He said the post-economic crisis agenda was to change the government's excessive involvement and to end perverse incentives and longer-term subsidies for the housing market. In recent days, the Federal Housing Finance Authority, which oversees Fannie Mae and Freddie Mac, is expected to continue to bail out $363 billion trillion in taxpayer dollars in 2013 years. With the Obama administration's decision to fully privatize the property market, the bailout money is too big to close the two machinesOne of the factors of construction. (Duan Jiao Yu, San Francisco, USA)