The Laugh Heard Round the World: Chinese Laugh at Geithner's Reassurances on US Dollar and Economy


"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, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.

http://www.reuters.com/article/companyNewsAndPR/idUSPEK14475620090601

IF ANYONE HAS VIDEO/AUDIO OF THE ACTUAL INCIDENT PLEASE SHARE/LET ME KNOW! IT SEEMS TO HAVE BEEN PURGED :(