Just read those today as well... we are getting pushed around by China like a nerd in elementary school. And it's all been going on as you said, with no one reporting on it.

Just curious, are you not trading in TK anymore due to the RTQuotes issue? Your ROI and Trades no longer show now.

Another option is to default on the debt.  The Russains showed us how that works. 

http://en.wikipedia.org/wiki/Russian_financial_crisis

I hate to say it, but Chinese government asked our government to do what it said it would, guarantee the debt.  If we didn't want them to ask, we shouldn't have borrowed the money.  The citizens did what they were socially engineered (financially incentivized) to do, borrow the money.  Unfortunately, citizens salaries didn't keep up.  (California median home price topped at 13.3 times per-capita income, or 7.51% of 13.3 = 1 per-capita income, 7.5% carrying cost, 6.5% interest plus 1% property tax equals a whole per-capita income, making a per-capita citizens buying in CA at the top statistically insolvent.)  

If you lent to Fannie Mae, would you want the U.S. government to guarantee your bond as promised?  It doesn't matter if the bond holder is American or Chinese.  The real issue is, will the government deliver on its guarantees and not allow default.  Is it patriotic to default?  

I say it was unpatriotic to borrow like crazy past our means, raising home prices to unaffordable levels for our fellow citizens, and threaten the good faith and credit of the nation. 

Running said: "I say it was unpatriotic to borrow like crazy past our means, raising home prices to unaffordable levels for our fellow citizens, and threaten the good faith and credit of the nation. "

 It all boils down to this example:

Employees of Fortune 500 company nowhere to be found after email 'There are LEFTOVERS in the kitchen" been sent out. Talk about pride...

Totally agree with you - we can blame Chinese or Marsians - that is how we do it after we screwed up ( most of us, anyways - those who where not able to make money on scams)

Hey, I work for a fortune 500 company.  I eat leftovers every six weeks because donut wednesdays and pizza lunch meetings for engineers went out with the internet bubble.  I pay into a donut pool with my my collegues.  I didn't buy a house because I learned in engineering school to calculate the financial difference between renting a home and renting the money for a home.  Renting was more economical and provided much less risk should I be laid off.  I listened to my boss tell me for years how much I was missing not being a homeowner.  That was pride.  This year he stopped telling me how much equity he made.  It is about time for some humility.

I will say it again Mr. Profit. This has been tried before only now they do what ever they want. The end is near my friend. From my blog>

The Treasury Department gains unlimited power, until the end of 2009, to lend money to Fannie Mae and Freddie Mac or buy their stock should they need it. This is not the first time in history we have been attacked on this front only now the Federal Reserve is getting its way.

The Second Bank of the United States asks Congress to pass a renewal of the bank's charter 4 years early. Congress complies and sends the bill to President Jackson for signing. Jackson vetoes the bill and in his veto message he states the following:

"It is not our own citizens only who are to receive the bounty of our Government. More than eight millions of the stock of the Bank are held by foreigners...Is there no danger to out liberty and independence in a bank that in its nature has so little to bind it to our country?

Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence...would be more formidable and dangerous than a military power of the enemy. If government would confine itself to equal protection, and, as Heaven does its rains, shower the favor alike on the high and the low, the rich and the poor, it would be an unqualified blessing.

In the act before me there seems to be wide and unnecessary departure from these just principles."