Asian investors have put a whole lot of money into the U.S. economy, and if they either stopped contributing or completely pulled out, we’d be in a heap of trouble.  Fortunately, it looks like the Fannie Mae/Freddie Mac issues haven’t scared Korea away just yet.

William Sim reports, “The Bank of Korea said in a statement today it sees no problem in recovering its principal investments in senior bonds issued by Fannie and Freddie.  There is ‘no chance’ the U.S. government will buy back the debt at a discount if it decides to bail out the companies, the central bank said.”

Admittedly, it would be best if a bailout isn’t necessary, but this is a nice fact to file away in case that eventuality occurs.

Fannie Mae is up over eight percent so far today on the good news, and Freddie Mac’s down an it-could-be-worse 3.3 percent.