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Tim Geithner is a joke in China, too
By Michelle Malkin %95 June 1, 2009 03:07 PMTax cheat Treasury Secretary Tim Geithner is a laughingstock in Congress. A permanent punchline on late-night TV. And he's a joke in China, too: U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China's total U.S. dollar-denominated investments could be twice as high. "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.
Vince Foster's body was found in two different locations. The alleged suicide gun, found in Foster's hand, had no fingerprints on it. Crime scene photographs were "accidentally" destroyed. Vince Foster had walked in dirt more than 200 yards but had no dirt on his shoes. Now on DVD for $21.95