Foreign Countries who own our Mortgage Backed Securities

Thanks to a reader of this blog and the New York Times. These are not treasury bonds that everyone talks about China owning (they own much more in billions of dollars).

It also says "About one-fifth of securities issued by Fannie, Freddie and a handful of much smaller quasi-governmental agencies, some $1.5 trillion worth, were held by foreign investors at the end of March" (Timmons 2008).

http://www.nytimes.com/2008/07/21/business/21bank.html?_r=1&scp=1&sq=countries%20mortgages%20July%2021,%202008&st=cse