When you say “force”...that’s open to interpretation.
My understanding, without of course having any proof, is they let Paulsen know in no uncertain terms “quit screwing around”. The Chinese own massive amount of F&F preferred stock and senior debt. They have significant financial power with these holdings as well as their holdings of Tsy debt.
I am a financial amateur, just know enough to be dangerous, ha!
But this is no laughing matter.
I have advised all within my range of communication to tighten up, live frugally, and look to each other and we'll get through whatever lies ahead.
My instinct tells me that we haven't seen anything like this in over a generation.
I am most worried about a collapse of the dollar.