Poor Tim Geithner. He gave a speech at a Chinese university and attempted to reassure the students that their government’s immense dollar-denominated assets are safe.
“We believe in a strong dollar,” Geithner told the students at Peking University. “Chinese financial assets are very safe.”
The students laughed. Out loud.
Can’t blame them. You have to admit that it’s one of the funniest things you’ve ever heard.
Source: Reuters.com
