This book investigates the intricate economic entanglement between the United States and China, focusing on the 2008 financial crisis. It details how the near-collapse of the American mortgage market, centered on Fannie Mae and Freddie Mac, was intrinsically linked to the economic policies and financial holdings of China, analyzing the profound consequences and future implications of this relationship.

The book offers a detailed account of the complex economic interdependence between the United States and China, particularly in the context of the 2008 financial crisis. It aims to elucidate how the near-collapse of American mortgage giants like Fannie Mae and Freddie Mac was intertwined with China's financial position. The analysis extends to the broader implications of this relationship for global economic stability and U.S. policy.