Sounds right to me. The Chinese favour joint ventures in which they retain a
controlling interest. They have also said they will allow Henry Paulson,
with whom they have a long and close relationship, to continue as Treasury
Secretary, but Yao Ming is being tipped as the new Sec State replacing Condi
Rice. It's been quite a day!
From: "Jim Devine" <[EMAIL PROTECTED]>
To: "Progressive Economics" <[email protected]>
Sent: Wednesday, September 17, 2008 6:44 PM
Subject: Re: [Pen-l] LATE-BREAKING NEWS
wait a sec, Mike! are you saying that the Chinese now own 51% of the
US Treasury?
michael a. lebowitz wrote:
China has agreed to lend the US Treasury the money they
didn't have to support the Fed buy-out of AIG and, after intense
negotiations, is taking a 51% share in the US Treasury.
--
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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