On Fannie & Freddie Again

Forgive me, I am a bit slow on this: isn't the governmental takeover of the mortgage agencies Fannie Mae and Freddie Mac a type of bail-out for the monetary authorities of China, Japan, Russia, and the other foreign countries that hold agency debt? As a result of the socialization of these so-called government-sponsored enterprises, the Treasury opened a window of opportunity for these countries ("investors") to unload their US assets at subsidized prices, as subsidized by and at the cost of the US taxpayer. Watch for foreign creditors to reduce their holding of US debt in a more drastic way.