Timothy Geithner says borrowing more from China to finance tax cuts for the most affluent Americans would be irresponsible.The Treasury secretary has it backward. The real question is whether Beijing is willing to double down on a nation whose balance sheet makes Italy look good. Holding $1.2 trillion of U.S. debt is a fast-growing risk to China.Traders have a theory about why the euro is reasonably stable amid a broadening debt crisis: Asian central banks are converting proceeds from recent intervention moves into other currencies.
Source: http://www.realclearpolitics.com/2011/04/18/china_may_tell_geithner_to_take_a_hike_253981.html
Hillary Clinton Tom DeLay Elizabeth Dole John Edwards Dianne Feinstein
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