Geithner reassures China that its dollar assets are safe

Until last year, General Motors was the worlds largest carmaker — but now, it is in bankruptcy, about to be reogranized into a smaller company. President Barack Obama said the restructuring will take a painful toll on many Americans, with as many as 20,000 workers affected in the U.S.

But the ripple affect goes far beyond the United States. Over the weekend, a Canadian car parts maker and a Russian bank agreed to take control of GMs European operations, including Opel in Germany and Vauxhall in Britain.

On Monday, U.S. Treasury Secretary Timothy Geithner was in Beijing, trying to reassure the Chinese that this country is committed to bringing down the deficit as the U.S. recovers from the economic crisis.

Marcus Mabry, international business editor of The New York Times, joins Martin Savidge to discuss General Motors, Geithners trip to China, Chinas concerns about the U.S. deficit and what comes next for the European auto business.

http://worldfocus.org/blog/2009/06/01/geithner-reassures-china-that-its-dolla...

Category:

News & Politics

Tags:

• China
• economy
• finance
• General Motors
• Marcus Mabry
• Timothy Geithner
• Worldfocus
• World Focus
• news

[sergiolcjr]

The Chinese are NOT the only ones laughing at Geithner!!!

[darkknight91]

Geithner was laughed at by the Chinese. Even they know him and Pres. Kenya are a joke.

[selious04]

After the economy collapses, there will be a REVOLUTION. Then, from the waters, Central America, Russia, Cuba, Mexico, Nicaragua & a couple others will bombard the nuclear plants in America & completely destroy it.

"Surely I will fill thee with men,...they shall lift up a shout against thee"-Jeremiah 51:14

"Come out of her (America / Babylon) my people, she shall be utterly burned with fire"-Revelation 18

"O thou that dwellest upon many waters, abundant in treasures, thine end is come"

[mozaks80]

That look on Geithner's face when he was being laughed at was priceless, like a kid who just dropped his ice cream. He knows how screwed the US economy is, you can see that on his face too.

[popper504]

lol at the idiot claiming the lost moon tapes

[birdog45]

Sound money = g and s

[apresesco]

"dollar assets are safe "

jajajajaja :D

[RoyalRook]

@virtuous8

Come on if you are Chinese, you know you are better than this, high class man, drop the low ball stuff.

[Palfium66]

Sure the moon landing was a scam, but in the context of the Cold War it was probably the most successful piece of disinformation ever created.

Disinformation is one of the oldest propaganda strategies ever known.

[Palfium66]

Yeah sure. Like it was the Chinese that gave the world tial by Juries [Jew-eries], or a weekly day of rest.

Try studying some Chinese history. Its is millenia of despotic rule by all powerful emperors, whereas the seeds of democracy, free speech & free thought come from our JUDEO-Christian tradition.

Antisemitism is fucking delusional man.

[virtuous8]

Fuck Jews. Long live Chinese. Chinese > Jews > You