[T]he taxpayer is essentially insuring China's investments
My view: The taxpayer is essentially ensuring China's (continued) investments. If the feds left the Chinese holding roughly $1T in bad debt, the Chinese might take it personally and stop buying American debt.
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My view: The taxpayer is essentially ensuring China's (continued) investments. If the feds left the Chinese holding roughly $1T in bad debt, the Chinese might take it personally and stop buying American debt.