Uh Oh!

http://www.safehaven.com/article-7399.htm
"In February net foreign buying of securities with maturities of more than a year plummeted to $43.2 billion from $83.7 billion in January, net buying of long term US securities would have totaled $58.1 billion in February, down from $98.8 billion in January. A subset of these numbers is the total collapse in net foreign purchases of debt issued by US government sponsored companies Fannie Mae and Freddie Mac which plummets to $2 billion in February down from $35.8 Billion in January."

It looks like the plan to bail out the US private mortgage industry via purchases by Fannie Mae and Freddie Mac of high risk mortgages, perhaps even mortgages in default, is running into difficulty.