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China and Japan hail U.S. mortgage rescue as doubts linger (Reuters)

Secretary of the Treasury Henry Paulson (L) and Jim Lockhart, Director of the the new independent regulator, the Federal Finanace Agency (FHFA), announce that the government is taking control of mortgage finance companies Fannie Mae and Freddie Mac during a news conference at the Office of Management Supervision in Washington, DC, September 7, 2008. (Joshua Roberts/Reuters)Reuters - China and Japan, the biggest buyers
of Freddie Mac and Fannie Mae bonds, praised Washington for its
rescue of the ailing mortgage giants, but investors had no
illusions the bailout would end the global credit market
misery.

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