Feng

The US Treasury Gave $10bn (and Maybe More) to China

I am not sure if the author has problem with bond holder, or China government.

Every investor understand (or should) the risk and rewards of Fannie and Freddie's bond and stock. Some people bet government bail out, therefore chose to invest in Bond. Some people bet no government bail out, and chose to speculate in Stock. It was a fair game. Complaining the gain of bond owner is pathetic.

If you don't have problem with Bond owner in general, but just have problem with China government because they are not american, then maybe you should ask your government to forfeit all corporate and treasure bonds owned by China government? They are the bad guy anyway, and default on the bad guy is always justified?

Just as Silver leaf put it, "So much for morale hazzard"!!!