Free Republic

China says U.S. should not question its debt holdings Thu, Jun 10 2010 BEIJING, June 10 (Reuters) - China urged the United States on Thursday not to be suspicious about its U.S. Treasury holdings, after the Senate voted to require regular reports on security risks posed by debt held by China and other nations. The Senate move came as lawmakers grow nervous about the $13 trillion U.S. debt in the aftermath of a European debt crisis, and as record U.S. budget deficits and the debt become major issues ahead of the November congressional elections. [ID:nN09180668] China is the world's largest...

 "We Hate You Guys" - Reuters Caught Doctoring China Official's Remarks On US Treasury Peril!(reuters.com) 2009-02-14 The story originally had this key passage: Mr Luo, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: “Except for US Treasuries, what can you hold?” he asked. “Gold? You don’t hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option.”Mr Luo, whose English tends toward the colloquial, added: “We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar...

In a remarkable speech, yesterday, at the Federal Reserve Bank of Philadelphia, Fed VIP William Dudley, the man overseeing markets for the Fed, identified five events during the recent sub-prime crisis that "that I never expected to see—ever." The events included what Dudley calls "nearly a failed Treasury bill auction—total bids were barely sufficient to cover the amount the Treasury was offering. This near-miss occurred despite the fact that money market mutual fund investors were fleeing to rather than away from Treasury securities."..