Reply #1: China Got a Colossal Crapload. Check this out from today's NYT

[SpiralHawk]

DU discussion in LBN

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3782350&mesg_id=3782350

Another toxic legacy from Commander AWOL Bush, VP Dickie 'Five Military Deferments' Cheney, and their Cabal of allegedly 'conservative' Repubublicon Cronies.

The republicons have left America so screwn.

Apparently -- and perhaps in part due to the slick skulduggery of republicon cronies and BFEE scions Marvelous Marvin Bush and Neil Silverado Bush -- China is Stupendously Screwn, too.

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China’s Leader Says He Is ‘Worried’ Over U.S. Treasuries
Source: The New York Times

By MICHAEL WINES, KEITH BRADSHER and MARK LANDLER
Published: March 13, 2009

BEIJING — The Chinese prime minister, Wen Jiabao, spoke in unusually blunt terms on Friday about the “safety” of China’s $1 trillion investment in American government debt, the world’s largest such holding, and urged the Obama administration to offer assurances that the securities would maintain their value.

Speaking ahead of a meeting of finance ministers and bankers this weekend near London to lay the groundwork for next month’s Group of 20 summit meeting of the nations with the 20 largest economies, Mr. Wen said that he was “worried” about China’s holdings of United States Treasury bonds and other debt, and that China was watching economic developments in the United States closely.

(snip)

QUOTATION OF THE DAY

"We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried." - PRIME MINISTER WEN JIABAO, of China.


Read more: http://www.nytimes.com/2009/03/14/world/asia/14china.ht...