Too Big to Fail (2011 TV Movie)

James Saito: Chinese Official

Quotes 

• Chinese Official : There was an approach last month from Russia. They have considerable holdings in Fannie and Freddie as well. They suggested we coordinate and without warning dump hundreds of billions of Fannie and Freddie's bonds onto the market.

  Henry Paulson : [Flabbergasted]  That would be...

  Chinese Official : Chaos. The amount of debt your country carries is a terrible vulnerability.

  Henry Paulson : But you...

  Chinese Official : We declined. Respectfully. Even in the US it seems the relationship between the government and private industry isn't so simple.