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The Telegraph reports:

In his first official visit to China since becoming Treasury Secretary, Mr Geithner told politicians and academics in Beijing that he still supports a strong US dollar, and insisted that the trillions of dollars of Chinese investments would not be unduly damaged by the economic crisis. Speaking at Peking University, Mr Geithner said: “Chinese assets are very safe.”
The comment provoked loud laughter from the audience of students.

LOL has officially become a part of our economic policy, and not in a good way.
(HT: CS)

Posted by on June 1st, 2009 at 4:25 pm


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