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Sciagurrato
Inside China Business
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Comments by "Sciagurrato" (@sciagurrato1831) on "Is China selling off its US Treasury and dollar bonds? It's complicated." video.
The Fannie and Ginny Mae’s are agency obligations — not direct obligations (“full faith and credit”) of the federal government. Prices have always traded at a discount to Treasuries forever. In a crisis, it is not impossible to foresee these (and other) agency bonds abandoned. In short, nothing is over…until it’s over. There is nothing that the US government will not stoop to try in desperation.
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