Washington Post,Sept.8,08 page D1 and D6: "Whether the government intervention makes sense given that Fannie Mae seems to be doing what it needed to do to strengthen its financial position." My comment: The role of US government is clearly evident.i.e. The Treasury Department under Secretary Paulson is calling the shots to try to revive the economy with the cooperation of Chairman Bernanke of the Federal Reserve System. Let us see the effect in the days to come. Hank Paulson is a friend of China and China is holding US Government securities as a part of Sino-American Economics known to all folks as I sent my blogs in the past.
Francis Shieh a.k.a. Xie Shihao watching daily happening of US-China economic relations with great interest as part of my intellectual challenge to send blogs for the readers of www.Blogger.com on Sept. 8, 2008,the 61-year anniversary of my arrival at San Francisco,California, USA in September 8, 1947. Time goes fast like an e-mail,indeed! At 10.20 a.m.
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