[happygrl]

I've read that it was the Chinese, who hold huge amounts of Fannie Mae and Freedie Mac, that forced this.

Any truth to this ?

[Attention Surplus Disorder]

When you say “force”...that’s open to interpretation.

My understanding, without of course having any proof, is they let Paulsen know in no uncertain terms “quit screwing around”. The Chinese own massive amount of F&F preferred stock and senior debt. They have significant financial power with these holdings as well as their holdings of Tsy debt.