Budget: It’s never a good sign when you want to borrow money and your potential lender laughs in your face. But that’s exactly what happened to U.S. Treasury Secretary Tim Geithner on his recent trip to China.
What prompted the laughter? His remarks during a speech at Beijing University, in which he told the audience, apparently intending to reassure them about their investments in U.S. Treasuries, “Chinese assets are very safe.”
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