Paulson says Russia urged China to sell Fannie, Freddie bond holdings

Pat McMahon Contributor
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Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said.

Paulson learned of the “disruptive scheme” while attending the Beijing Summer Olympics, according to his new memoir, “On The Brink.”

Full story: Paulson Says Russia Urged China to Dump Fannie, Freddie Bonds –