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To: Giordano Bruno who wrote (373919)	9/8/2008 11:26:20 PM
From: Cynic 2005	Respond to of 436258

Buying non-government dollar bonds would be even riskier, while the euro is expensive and yields in Japan are low. "If we don't buy U.S. treasuries and ABS, what else we can buy?" He said. "China just has no way to avoid the risks. Whatever we do, we have to bear the losses." There was a vigorous reaction among Chinese Internet users. A blogger on www.163.com said "a capitalist country is now acting to save the market and protect investors," whereas China's government had sat idly by during a 64 percent plunge in the Shanghai stock market since last October. "How can Chinese stock investors not be sad? How can they not lose confidence?" the post said. The main Shanghai index (^SSEC - News) shed 2 percent on Monday, touching a fresh 20-month low, despite a rally elsewhere in Asia triggered by the takeover of the two firms. "Hope that China's stock market will get government help like Fannie Mae and Freddie Mac, not just lip service," a blogger named "Bang Ni" on sina.com.cn said. (Reporting by Zhou Xin, Langi Chiang and Eadie Chen; Writing by Alan Wheatley) From here: biz.yahoo.com