Even the Chinese laugh at tax cheat Geithner

Tax cheat Tim Geithner, or as i like to call him “Squeak” Scolari is quite the laughing stock here in the US. It seems the Chinese have found ole tax cheat Geithner to be quite the joke too, as per this reuters article:

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 scepticism 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.

Our Treasury Secretary

Our Treasury Secretary

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June 1, 2009 · Filed Under Tim Geithner


Comments

  • John Burdick

    All of the US haters are laughing……….Obama is destroying this country.