Paulson surprised: Russia wants to woo China to sell two-room bonds

Source: Internet
Author: User
Keywords China China
Tags force learn market public the public
In a new memoir, former Treasury Secretary Henry Paulson disclosed that Russia had asked China to sell the bonds of Fannie Mae and Freddie Mac's two mortgage companies together to force the US to bail out, but China did not agree. "The news was very disturbing because of the large sale," he wrote in his memoir, "Onthebrink", when he came to the Beijing Olympics in August 2008 to learn about the "destruction plan". The two-room bond will give the public a big loss of confidence in the two companies and destabilize the capital markets, and I will wait until I get home and report to the President. "But Russia denies Paulson's claim that Russia has never contacted China to demand a sell-off of" two-room "bonds.  It is reported that Russia in early 2008 held "two-room" debt value of 65.6 billion U.S. dollars, later that year sold all. Mr Paulson said he was surprised that he had not asked him about the "two-room" bond when he met with the new President Dmitry Medvedev in Moscow in June 2008, "but soon I knew that the Russians were thinking about our ' two-room ' bonds." "The United States took over the" two houses in September, opening the world financial tsunami.
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