Could the US selectively default on Chinese-held treasuries?

[TCO]

Too late.

You've already ****ed up and broken rule #1 of Poly: don't piss off KrazyHorse.

I broke it too. I was on ignore...first ever in Poly history.

[TCO]

Reread the OP please GP.

Err...ok. I just read the title.

Um...I guess it sounds like a game of nationalizing versus each other (in a sense).

Might still affect credit rating?

[Naked Gents Rut]

Damn you, Dauphin. Now I've given up hope, too.

[chequita guevara]

Also, you might look at the Cuban revolution. There are outstanding claims, even 50 years later -- probably because there were few Cuban assets to seize in the US.

Lastly, Exxon sued Venezuela upon nationalization of its concessions by Chavez. If successful, that would have led to seizure of assets in other countries. That was a very recent case, but I don't know how that turned out.

Exxon lost its case last year.

As for Cuba, the government offered payment for seized property based on the companies self-declared tax values. Because the companies were cheating the government on taxes, by declaring the value of the companies way below actual value, they refused to take the offered compensation. Just deserts, I say. The money is still there for the taking, if the companies want it.