Reuters reports: Geithner tells China its dollar assets are safe.
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience.
When students openly laugh at a Treasury Secretary, perhaps it's wiser to shut the fuck up!
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