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Geithner in China: ".assets are very safe" - laughter

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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-02-09 03:35 PM
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Geithner in China: ".assets are very safe" - laughter
more at: http://www.reuters.com/article/marketsNews/idINPEK12423320090601?rpc=44

Excerpt:

"We believe in a strong dollar," Geithner said in a question-and-answer session after a speech to students at Peking University.

A major goal of Geithner's maiden visit to China as Treasury secretary is to allay Beijing's concerns that Washington's mushrooming budget deficit and ultra-loose monetary policy will undermine both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds.

"Chinese financial assets are very safe," Geithner said. His response drew laughter from the audience. (Reporting by Glenn Somerville; Editing by Alan Wheatley)


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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-02-09 03:38 PM
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1. Oh, my!
:rofl:
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Larkspur Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-02-09 03:52 PM
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2. The Obama fanatics will not want to bomb China for laughing at
Obama's Treasury Secretary :sarcasm:
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Vidar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-04-09 10:26 AM
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3. At least the Chinese are on to the asshole.
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