The largest rescue in U.S. history Inspiration.

<P> Announced the day before the U.S. government to take over the two housing loans finance institutions Fannie Mae and Freddie Mac to avoid the larger and deeper financial crisis. .As U.S. President George W. Bush has said, this unprecedented move is to prevent the closure of the two organizations "emergency move necessary," because the risk is going through the housing collapse and credit market crisis of the U.S. economy "unacceptable." .</ P> <P> which may eventually become the world's largest relief operation the financial one. .The U.S. government says, were the two companies have agreed to inject up to 1000 billion U.S. dollars, to ensure that they can repay their debt. .For this to take over, although the United States Government does not use the "nationalization" of the word, but if not full ownership, but also the equivalent of a de facto government control. .</ P> <P> Fannie Mae and Freddie Mac mortgage loans as the U.S. major financial institutions, the business accounted for more than 120,000 United States about half billion dollars, and the "two rooms" for raising the important issue of bonds, .Global central banks have large holdings of the "two rooms" bonds. .So the U.S. can not "two room" ignored the situation, both related to the economic strategy of the United States itself and financial security, but also related to the safety of the major world financial system. .<P> From the market perspective, USA generous "rescue" can be regarded as administrative intervention in the market, which has instructions from the market as a standard of the Americans, no less than an ideological earthquake. .But in fact, there has never been completely independent of the market, otherwise there would be no "visible hand" theory. .Moreover, the "two rooms" Since its inception, to take a heavy "state-owned enterprise" status, it can be exempt from federal and local government tax revenues, credit rating can be issued similar bonds and U.S. Treasuries, you can enjoy from .U.S. Treasury were 22.5 billion dollars in credit support. .<P> Therefore, not so much the U.S. "rescue" is a kind of market intervention, then we might as well call it a correction of market economic activity. .The process of innovation in the economy, the market has exposed the problems of financial security, then the U.S. government also used its own action to error correction, to solve problems. .<P> The "two rooms", the root of the problem is that the credit of the interrupt. .Actually, the "two room" is a direct lending financial institutions, similar to a bank, but in the price keep rising, the market economy on the occasion, the "two room" directly issuing bonds to finance altogether. .This is tantamount to transformed into intermediary. .When the high prices pushed the bubble broke, the credit chain had broken, giving up home buyers loan, the "two rooms" market value has shrunk dramatically. .Also, because the "two room" in the U.S. housing market will affect the situation as a whole, leading to two "too big to fail" and "quasi-state-owned enterprises" is facing bankruptcy, to rely on the U.S. government come to the rescue. .<P> Market innovation, the government once the lax regulation, endless pursuit of profit the market will bubble. .The process of globalization as the market for "two rooms" do not just pay the U.S. taxpayers, but also the world's investors. .For us, the United States over the "two rooms" might also bring us some enlightenment. .<P> First of all, to clarify the U.S. "rescue" with our real estate market currently popular "rescue" that is essentially different, but not free to be confused, even by this so; Second, and more lessons from .learned. .Although our markets and conditions do not appear similar to the "two room" situation, but the market during the financial security, credit risk assessment are the same there. .How to avoid this risk, when the rainy day. .</ P>.