INNOCENTS ABROAD
Geithner assures China investors, according to the BBC (in an item that won't even appear in the American press), but on closer look:
In a speech at Beijing University at the start of his two-day visit, Mr Geithner reassured his Chinese hosts that they need not worry about the estimated $770bn (£475bn) they have invested in US treasuries, a class of US government debt.
"Chinese financial assets are very safe," he said, drawing laughter from the audience.
Now, where I come from, if people laugh at your assurance, they haven't been assured. Hey, BBC, how about Geithner: Epic Fail in China?
In a speech at Beijing University at the start of his two-day visit, Mr Geithner reassured his Chinese hosts that they need not worry about the estimated $770bn (£475bn) they have invested in US treasuries, a class of US government debt.
"Chinese financial assets are very safe," he said, drawing laughter from the audience.
Now, where I come from, if people laugh at your assurance, they haven't been assured. Hey, BBC, how about Geithner: Epic Fail in China?