http://finance.yahoo.com/news/Geithner-tells-China-its-rb-15396905.html?.v=2
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
That's right boys and girls, the chinese are laughing at us. Or, to be more correct, laughing at our president and his minions. But NOOOOO, Obama is too big to fail, or show what a laughing stock we are becoming. So much for that international respect he craves so much.
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