Exclusive: U.S. lets China bypass Wall Street for Treasury orders

So many questions. What is being done now we won’t hear about until next year? How confident should Wall St. be wrt future bailouts after this sellout? Is the PBoC going to replace the FED?
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521
Link excerpt:
NEW YORK (Reuters) – China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government,

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