Beijing — While Taiwan faces regional pressure to adhere to the one-China policy — due, in large part, to its budding friendship with the United States — the city-state of Singapore has found itself in a similar position as China continues to invoke sovereignty on an issue of seized military hardware.
From a report by the International Business Times on Monday:
“China has warned Singapore to be ‘cautious with their words and actions’ and reminded the city state to respect its one-China policy after it demanded the return of its military vehicles that have been detained at a Hong Kong port since November 2016. Continue reading »
Over 20,000 chickens have been exterminated in Taiwan amid a bird flu outbreak, the Bureau of Animal and Plant Inspection and Quarantine (BAPHIQ) has announced.
BEIJING (Sputnik) – A decision to put 23,000 chickens to death at a farm in Taiwan’s western Yunlin County was made after an inspection revealed that the birds were infected with the H5N8 strain of avian influenza virus, BAPHIQ said on Thursday.…
A Taiwan warship mistakenly launched a supersonic “aircraft carrier killer” missile toward China Friday, hitting a fishing boat and killing the boat’s captain in an incident China called “a serious matter.”
A spokesman for Taiwan’s Ministry of National Defense apologized on behalf of the military.
“The Ministry of National Defense sincerely apologizes for the incident that caused the death of the captain (of the boat) and injured other crew members,” Maj. Gen. Chen Chung-Chi said in a news conference. The ministry has also asked the Navy to provide assistance and compensation to the family of the victims. Continue reading »
Oatmeal products from major food brand Quaker Oats were found to contain traces of a probable carcinogenic chemical called glyphosate, according to the results of an inspection by the Food and Drug Administration (FDA, 食藥署).
Standard Foods Corporation (佳格食品) said in a statement that the company’s oatmeal products produced in Taiwan have all passed FDA tests, and have no connection to the U.S.-imported Quaker Oats sold by other trade companies. Continue reading »
Punjab authorities have closed down schools from Jan 26 to 31 because of biting cold, a private TV channel reported.
Life is almost paralysed by the biting cold in nine upazilas of the district. The poor are burning hay and fallen leaves to keep them warm.
Nine deaths believed to stem from hypothermia reported in Bueng Kan, Nakhon Phanom, Tak, Rayong and Udon Thani provinces.
Along with severe cold
In addition, the accompanying low temperatures have caused disasters for farmers across the nation.
Buffaloes have recently died due to the extremely cold weather.
Guangzhou residents were excited Sunday to observe snow falling in their subtropical city for the first time in 88 years.
Schools light bonfires, army readies help
People and livestock in upland areas of northeastern Laos are struggling with the freezing cold.
Okinawa’s main island in southwestern Japan gets its first measurable snowfall in history.
In the south, sleet fell on Amami Oshima Island for the first time since 1901. Residents there usually enjoy temperatures of around 17 degrees Celsius this time of year.
The Republic of China Army Aviation (RoCAA; Taiwan) has extreme difficulties keeping its 29 new AH-64E Apache Guardian attack helicopters airborne. Part of the problem is a discovered material failure due to faulty production by Boeing.
– Typhoon Soudelor cuts power to 1 million in southern China (Los Angeles, Aug 8, 2015):
After leaving a trail of death and destruction in Taiwan, Typhoon Soudelor crashed into southern China’s Fujian province late Saturday, leaving more than 1 million people without power and prompting the evacuation of 160,000.
Six deaths and 185 injuries were linked to Soudelor in Taiwan, where the storm made landfall before dawn Saturday, bringing winds up to 150 mph and torrential rain. Four people were still missing early Sunday. Continue reading »
– Caught On Tape: The Moment 58 People Aboard A Taiwanese Plane Thought It Was All Over (ZeroHedge, Feb 4, 2015):
Earlier this evening, shortly after take-off from the Taiwanese capital of Taipei, a commercial aircraft with 58 people on board clipped a bridge and crashed into a river. As AP reports, the death count is either 2 (aviation authority) or 3 (Central News Agency) which is simply stunning considering the following unbelievable clip…
Taiwan’s aviation authority say at least two people have been killed when a commercial flight with 58 people aboard clipped a bridge shortly after takeoff and crashed into a river in the island’s capital of Taipei.
Aviation authority director Lin Chi-ming told a news conference that two people were killed. The country’s Central News Agency said three people were killed. Continue reading »
– Over 3000 Chinese Evacuated (By Boat & Plane) As Vietnam’s Anti-China Riots Escalate; Taiwan Also On “High Alert” (ZeroHedge, May 17, 2014):
China began evacuating hundreds of its nationals from Vietnam (via at least 2 planes and 5 ships) as the anti-China protests have become increasingly deadly following Beijing’s attempt to deploy an oil drill in Vietnamese dispuited waters (detailed here, here, here, and here)…
- *CHINA SENDING 5 SHIPS TO VIETNAM TO EVACUATE CHINESE: XINHUA
- *HUNDREDS OF VIETNAMESE SECURITY IN CENTRAL HO CHI MINH CITY
- *VIETNAM PRIME MINISTER ISSUES DIRECTIVE TO PREVENT PROTESTS
- *VIETNAM GOVT TAKES ACTION TO PREVENT RIOTS: BINH
Hundreds of police and security forces are in central Ho Chi Minh city and the Chinese consulate is under heavy guard. Tensions across the ASEAN region are growung as Taiwan is on “high alert” but the bloc’s inability to craft a united response to Chinese aggression signals a further decline in its regional clout.
— ST Foreign Desk (@STForeignDesk) May 14, 2014
The Vietnamese government has called for an end to the protests… Continue reading »
– Taiwan nuclear power plant reportedly leaking radioactive water (The Hindu, Aug 10, 2013):
An aging nuclear power plant in Taiwan has been leaking radioactive wastewater for three and half years, according to a report released by the government’s watchdog this week.
The report by Control Yuan said spent fuel rod storage pools at the have leaked since December 2009.
The pools of the two reactors leaked 15,370 milliliters and 4,830 milliliters respectively, it said. Radioactive materials such as Caesium-137, Cobalt-60, Manganese-54, and Chromium-51 were detected in water collected at the site.
– Taiwanese Fight Back Against Internet Censorship and Win! (Liberty Blitzkrieg, June 3, 2013):
Great update here from the Electronic Frontier Foundation (EFF), of the outcome from government attempts to censor the internet in Taiwan in a similar manner to what was proposed in the U.S. with SOPA/PIPA. Just goes to show that we can stop these authoritarians if we stand up for ourselves.
From the EFF:
Taiwan’s intellectual property office proposed a new Internet blacklist law that would have targeted websites for their alleged use in copyright infringement. The initiative would have forced Internet Service Providers to block a list of domains or IP addresses connected to websites and services found to enable “illegal” file sharing. In the face of massive online opposition and a planned Internet blackout, the IP office has now backed down and abandoned support for the law.
– Hyperinflation – 10 Worst Cases (ToTheTick, May 22, 2013):
I have a neat little app on my smartphone that I like to look at when I’m feeling bored. It won’t change anything in my life, but it makes me think as I see the numbers clocking up, and then suddenly stopping for a few seconds. It’s the app that tells me the how much the National Debt of each country stands at in real-time. As I sit down at my computer screen the USA National Debt amounts to $17 041 241 xxx xxx. Forgive the x’s…they’re not kisses…I tried to get the last six digits, but, there’s no point, they’re moving too fast! Speedie Gonzalez has got into that app! It works out to $54 087 per person. That’s the same value as 3 408 248 816 XXX Big Mac Meals.
Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it attitude. But, we are not a patch on what some countries have been through in the worst cases of hyperinflation in history. Here’s the top 10 list of worst cases in history. We’ll start with the worst first…let’s think positive! Continue reading »
– CHINA IS ON FIRE: China Orders Troops And Tanks To North Korean Border, Deploys Anti Aircraft Carrier Missiles Off Cost Of Taiwan, Sends More Than 40 Fighter Jet To Senkaku Islands, And Warns Philippines To Immediately Withdraw From Disputed Islands (InvestmentWatch, April 28, 2013)
In other news:
– H7N9 Spreads To Nanchang Jiangxi (Recombinomics, April 26, 2013)
– H7N9 Spreads To Fujian Province (Recombinomics, April 26, 2013)
– China’s H7N9 bird flu death toll likely to rise (LA Times, April 25, 2013)
– Outbreak: Frightening H7N9 Study: “Authorities Should Definitely Be Alarmed and Get Prepared for the Worst-Case Scenario” (SHFT Plan, April 25, 2013):
While U.S. Center for Disease Control and Prevention director Tom Frieden suggests there is no cause for panic over the H7N9 influenza strain and says that Americans, “go about their daily lives,” this unusually dangerous virus has concerned officials at the CDC to such an extent that they are rapidly working to develop an effective vaccine in the event it makes its way to North America.
According to the World Health Organization, the H7N9 bird flu virus is one the most lethal influenza strains ever identified. The first case appeared in China in late February and has since spread to scores of others, with at least 109 cases having been reported to WHO thus far, 22 of which have resulted in death. This amounts to a kill rate of 20%. These are laboratory confirmations, so in all likelihood there are hundreds, perhaps thousands, of others who may be infected with the virus that haven’t received medical attention. Continue reading »
– Scary new H7N9 bird flu strain leaps from China to Taiwan; human transmission already achieved? (Natural News, April 24, 2013)
The H7N9 bird flu strain is on the rise, having already killed 22 people in China while infecting 108. That’s a kill rate of 20% — among the highest ever witnessed in a bird flu strain. It has also spread outside of China, infecting a Taiwan national who brought the infection back to Taiwan and now rests in critical condition in a Taiwan hospital.
Health authorities in the region haven’t yet said this strain of bird flu has achieved human-to-human transmission, but it seems increasingly likely that such a trait either already exists or will develop very quickly. That’s because the virus has been spreading among chickens without any symptoms showing. It doesn’t make the chickens sick, in other words, allowing chickens to be “stealth carriers” of a virus that can easily leap to unsuspecting humans.
H7N9 is a “triple reassortment” virus that combines genetic code from three different flu virus strains. This makes it “…one of the most lethal influenza viruses that we’ve seen so far,” said Keiji Fukuda, the assistant director-general for health security with the World Health Organization. “This is an unusually dangerous virus for humans.”
From the article:
FDA spokesman Noah Bartolucci told BBC News that the “FDA plans to review the new research on lead levels in imported rice released today”.
“As part of an ongoing and proactive effort to monitor and address contaminants in food traded internationally, FDA chairs an international working group to review current international standards for lead in selected commodities, including rice, and to revise, if necessary, maximum lead levels under the… Codex Alimentarius,” he said.
As a side note:
If you give rats a LD1 (Lethal dose killing 1% of the rats) of mercury … 1% of the rats die.
If you give rats a LD1 (Lethal dose killing 1% of the rats) of lead … 1% of the rats die.
How many rats will die if you give them a LD1 of mercury AND a LD1 of lead?
Take a guess!
Answer: ALL OF THEM!!!
– US rice imports ‘contain harmful levels of lead’ (BBC News, April 10, 2013):
Analysis of commercially available rice imported into the US has revealed it contains levels of lead far higher than regulations suggest are safe.
Some samples exceeded the “provisional total tolerable intake” (PTTI) set by the US Food and Drug Administration (FDA) by a factor of 120.
The report at the American Chemical Society Meeting adds to the already well-known issue of arsenic in rice.
The FDA told the BBC it would review the research.
Lead is known to be harmful to many organs and the central nervous system.
– #Radioactive Asia: There Will Be 100 Additional Nuclear Reactors in Asia in 20 Years (EX-SKF, Feb 16, 2013):
As far as Asians are concerned, the Fukushima nuclear accident seems to have encouraged them to embark on new nuclear projects.
They probably look at Japan, and say, “Well their government has said all along there is no bad effect from triple meltdowns and melt-throughs, and people don’t seem to care anyway, so what’s there to lose? Not much.”
Gerald Celente, the founder of the Trends Research Institute, at the Marriott Hotel in Munich, Germany, on November 3rd, 2012. Celente was holding a presentation later on on the Internationale Edelmetall- und Rohstoffmesse, the largest precious metals conference in Europe. You can find Gerald Celente at trendsresearch.com and trendsjournal.com.
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An aerial view shows Japan Coast Guard patrol ship spraying water at fishing boats from Taiwan as Taiwan’s Coast Guard vessel sails near the disputed islands in the East China Sea (Reuters / Kyodo)
– Japan uses water cannons against Taiwanese flotilla (VIDEO, PHOTOS) (RT, Sep 25, 2012):
Japan’s coastguard vessels have used water cannons in an effort to push the Taiwanese flotilla out of what Tokyo claims to be its territorial waters near the disputed islands in the East China Sea.
Taiwanese boats escorted by patrol ships have now reportedly left the disputed waters.
At least 40 Taiwanese ships breached Japan’s naval border early on Tuesday, the country’s coastguard said. The flotilla was met by Japanese patrol ships that used water cannons in order to stop the vessels from reaching the largest island in the area, Uotsuri-jima.
Local television broadcast the fierce sea battle between the Japanese ships and Taiwanese patrol vessels that also used water cannons.
– Now Taiwan Is Also Claiming The Senkaku Islands: 70 Fishing Boats Set Sail To Stake Claim (ZeroHedge, Sep 24, 2012):
If you thought it was complicated when “only” China and Japan were disputing the recent escalation in property rights over who owns those three particular rock in the East China Sea, to be henceforth called the Senkaku Islands for simplicity’s sake because things are about to get far more confusing, here comes Taiwan, aka the Republic of China, not to be confused with the People’s Republic of China for the simple reason that the latter officially asserts itself to be the sole legal representation of China and actively claims Taiwan to be under its sovereignty, denying the status and existence of ROC as a sovereign state (yet one which benefits from US backing), to also stake its claim over the disputed Senkaku Islands. It has done so in a very confusing manner: by replicating what it thinks China did some days ago when an “armada” of 1000 fishing boats set sail in an unknown direction and which the trigger happy media immediately assumed was in direction Senkaku. It subsequently turned out that this was not the case and as we reported, “China’s fishing season stops every year in June-September in the East China Sea, where the islands are located. This year, the ban was lifted on Sunday.” In short the (PR)China fishing boat amrada was not headed toward the Senkakus. Taiwan however did not get the memo, and as NKH reports, “several dozen Taiwanese fishing boats have set sail for the disputed Senkaku islands in the East China Sea, to claim access to their fishing grounds.“So to summarize: a country which (PR)China claims does not exist and is under its own sovereign control, has replicated what it thought was (PR)China’s strategic move to reclaim the Senkaku Islands (which was nothing of the sort), and is sending its own fishing boat armada to reclaim islands whose ownership has sent Japan and (PR)China on the verge of more than mere diplomatic warfare. The only thing that could make this any more confusing is if someone discovered title deeds ceding ownership of the Senkakus to Japan, the People’s Republic of China and the Republic of China at the same time, and signed by Linda Green.
More than 70 boats from a fishing cooperative in northeastern Taiwan set out Monday afternoon, hoisting banners claiming that the islands belong to Taiwan, and that Taiwan’s sovereignty and fishing rights must be protected.
The cooperative is protesting Japan’s purchase of 3 of the islands in the Senkaku chain from a private owner earlier this month. The cooperative says the waters surrounding the islands have long been a major Taiwanese fishing ground.
The cooperative says the boats will be joined by vessels from other cooperatives along the way to the islands.
The fleet plans to arrive at a point about 40 kilometers southwest of the islands by early Tuesday morning.
– Foxconn apologises over boss’s ‘animal’ comment: report (AFP, Jan. 23, 2012):
TAIPEI – Taiwan technology giant Foxconn has apologised over comments by chief Terry Gou allegedly comparing workers to animals, according to a report.
Gou drew criticism on online news forums and discussion sites after he was quoted by Taiwanese media as saying “I have a headache how to manage one million animals” at the company’s year-end party in Taipei Zoo earlier this month.
Foxconn is the largest maker of computer components and assembles products for Apple — including the iPhone — plus Sony and Nokia. It employs about one million workers in China.
What can you say?
– #Radiation in Japan: First International Flight to Fukushima Airport Since March 11 (EX-SKF, Nov. 19, 2011):
A chartered flight from Taiwan arrived for the first time since March 11 at Fukushima Airport, carrying tourists who will spend their vacations in locations inside Fukushima Prefecture.
I don’t understand why they do it; my best guess is that they just couldn’t pass up great bargains to be had in Fukushima. It could be the bargain that they didn’t even need to pay for the trip.
Asahi Shinbun (11/19/2011) reports:
東 日本大震災と東京電力福島第一原発の事故の後、約８カ月ぶりとなる国際線のチャーター機が到着した福島空港の国際定期線再開に向けネックになっているの は、放射能汚染を心配する各国の規制だ。福島県は、各国・地域の航空会社に再開を要請し続け、１９日の運航にこぎ着けたが、「次便は未定」（観光交流課） という。
The first chartered flight since the March 11 earthquake and Fukushima I Nuclear Power Plant accident arrived in Fukushima Airport. Regular international flights to and from Fukushima Airport haven’t resumed, due to the restrictions placed by foreign countries for the fear of radiation contamination. Fukushima Prefecture has been requesting the resumption of the international flights to the international airlines in foreign countries and regions, and November 19’s flight is the first result of the effort. However, according to the tourism section of the Fukushima prefectural government, the next flight is not scheduled.
– Foxconn to replace workers with 1 million robots in 3 years (Xinhua, July 29, 2011):
Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday.
The robots will be used to do simple and routine work such as spraying, welding and assembling which are now mainly conducted by workers, said Gou at a workers’ dance party Friday night.
The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou.
Taipei, May 1 (CNA) Two Japanese citizens could be deported for attending an anti-nuclear rally in Taipei Saturday, as Taiwan officials said the pair’s participation in the protest was contrary to the stated purpose of their visit to Taiwan.
The National Immigration Agency (NIA) said Sunday it will assess the police video footage of the protest and will decide whether or not to deport Ayako Oga and Saeko Uno.
Thousands of people took to the streets Saturday to urge the government to stop construction of Taiwan’s fourth nuclear power plant and pursue a more sustainable energy policy.
Nuclear fallout may hit Taiwan on Wednesday evening at the earliest, after a small amount of radioactive iodine-131 was detected in the skies over Taiwan last week, said the country’s nuclear energy authorities yesterday. The fallout will come straight from Japan’s Fukushima, where a stricken nuclear power plant is steadily leaking radioactivity, but the impact on Taiwan will be “minimal,” said the Executive Yuan’s Atomic Energy Council (AEC) in a forecast.
Radioactivity at 0.0638 sieverts per hour, much lower than the 0.2-sievert alarm level, is expected, the agency said, adding it will step up monitoring of airborne fallout and warn people not to go out if radioactivity reaches alarming levels.
The estimate, based on an AEC simulation model, is six times the radioactivity detected in a previous observation and equal to the background value.
Breathing in the particles for a whole year is equivalent to one 300th of an X-ray examination, said Lee Jo-chan, director of AEC’s Department of Radiation Protection.
– Food contamination fears spread beyond Japan’s borders (Los Angeles Times):
Concern over food contaminated by radiation from areas surrounding the troubled nuclear plant in Fukushima spread beyond Japan’s borders Monday morning with world health officials warning of the potential dangers posed by the tainted food and one Japanese restaurant in Taiwan serving up radiation gauges alongside its meals.
World Health Organization officials told reporters Monday that Japan should act quickly to ban food sales from areas around the damaged nuclear plant, saying radiation in food is more dangerous than radioactive particles in the air because of accumulation in the human body.
The chances of radioactive fallout from two Japanese nuclear power plants crippled by Friday’s massive earthquake are not high, the Cabinet-level Atomic Energy Council said yesterday in a statement.
If two plants in Japan’s Fukushima prefecture release large amounts of radiation, the probability of it reaching Taiwan is only 10 percent, the council predicted.
The area most likely to fall victim to radiation from Japan would be Taiwan’s northeastern coast and Monday would be when it would most likely arrive, the council said.
“… possibly sell some U.S. bonds to punish Washington…”
Members of the Chinese People’s Liberation Army (PLA) Air Force Aviation stand at attention during a training session at the 60th National Day Parade Village in the outskirts of Beijing, September 15, 2009. (Reuters)
BEIJING (Reuters) – Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China’s National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.
The interviews with Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao appeared in the issue published on Monday. Continue reading »
China suspended on Saturday military contacts with the U.S. over its plans to sell $6.4 billion worth arms to Taiwan, the official Xinhua agency reported.
China’s Defense Ministry condemned the plans, which the Obama administration announced to the Congress on Friday, to sell weapons to de facto independent Taiwan, which China considers part of its territory.
The ministry said as quoted by the agency that “the Chinese side decided to suspend planned mutual military visits.”
Chinese Vice Foreign Minister He Yafei told U.S. Ambassador Jon Huntsman earlier on Saturday that the planned arms deal could affect bilateral ties, triggering “consequences both sides do not want to see.” He demanded the sale be cancelled. Continue reading »
Waves as high as 9m have been reported on China’s south-east coast;
Taiwan hotel collapses after typhoon
Typhoon Morakot has struck China’s south-east coast, destroying hundreds of houses and flooding farmland.
Almost one million people were evacuated ahead of the storm, which crashed ashore in Fujian province with winds of up to 119km/h (74mph).
Flights were cancelled and fishing boats recalled to shore. A small boy died when a building collapsed.
Morakot has already hit Taiwan, killing at least three people and causing some of the worst flooding for 50 years.
In one incident, an entire hotel – empty at the time – was swept away by the waters. Continue reading »
Taiwan has tumbled into recession, suffering a record annual fall in output at the end of last year to become east Asia’s worst-performing economy.
Official data yon Wednesday showed Taiwan’s gross domestic product shrank 8.36 per cent year-on-year in the last quarter of 2008, a bigger drop than analysts had expected and that underscored the exposure of Asian exporters to the slump in world demand.
Nov. 10 (Bloomberg) — China pledged a 4 trillion yuan ($586 billion) stimulus plan to prop up growth in the fourth-largest economy as the world heads toward a recession.
The funds, equivalent to almost a fifth of China’s gross domestic product last year, will be used by the end of 2010, the Beijing-based State Council said yesterday on its Web site. Following a weekend meeting in Sao Paulo, finance ministers from the Group of 20 nations, of which China is a member, issued a joint statement saying they are ready to act “urgently” to tackle the economic slump.
“If the Chinese use this as a diplomatic initiative, it could be an important step toward a more coordinated response,” Simon Johnson, a senior fellow at the Peterson Institute for International Economics and former chief economist of the International Monetary Fund, said in Boston.
China is taking steps to bolster its economy, the biggest contributor to global expansion, less than a week before President Hu Jintao goes to Washington for talks with world leaders on ways to revive growth. U.S. President-elect Barack Obama vowed last week to push a package through Congress “immediately after” taking office in January if lawmakers and the Bush administration can’t agree on one before then.
China accounted for 27 percent of global economic growth last year, more than any other nation, according to IMF estimates. Central bank Governor Zhou Xiaochuan said Nov. 8 that boosting spending at home is the best way China can help avert a prolonged world recession.
Despite bailout, GSE debt is eschewed by major foreign investor, and ally.
WHO LOST TAIWAN?
After Mao drove the Nationalists off the Mainland in 1949, the cry went up among U.S. conservatives, “Who lost China?”
Now Washington might well worry about who lost Taiwan as a major investor in U.S. agency securities as the Republic of China has openly questioned their credit quality — even after the federal government has committed hundreds of billions of dollars to bail out mortgage giants Fannie Mae and Freddie Mac.
Beyond that, Washington might well worry that other nations also no longer view its agencies — and now, by extension, the very credit of the United States of America — beyond question.
Taiwan’s financial regulators reportedly have ordered that nation’s insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine.
Such an order would be a stunning rebuke to Washington, coming a little more than a month after the federal government effectively nationalized the mortgage giants. Fannie and Freddie last month were placed into conservatorships with the Treasury standing ready to inject up to $100 billion through purchases of preferred shares in the government sponsored enterprises.