economy real estate region asia region north america society

A look from outside the U.S. at the bailout of Fannie and Freddie

By John Hockenberry, Corey Takahashi

Monday, September 8 2008

Asian markets rallied today [Monday] on news of the U.S. government bailout of Fannie Mae and Freddie Mac. But Peter Stein, Hong Kong bureau chief for The Wall Street Journal, says Asia may be overreacting--there are still big problems with the housing market and the U.S. economy...He also wonders how the U.S. will continue to advocate liberalization of markets in Asia while practicing such a massive intervention at home.

Peter Stein, Hong Kong bureau chief for The Wall Street Journal
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