A look from outside the U.S. at the bailout of Fannie and Freddie
Asian markets rallied today 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. Guest: Peter Stein, Hong Kong bureau chief for The Wall Street Journal
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