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bob3

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bob3

Re: None

Friday, 12/05/2008 12:30:09 PM

Friday, December 05, 2008 12:30:09 PM

Post# of 76351
The head of China's sovereign wealth fund says

he's lost the confidence to invest in U.S. banks, while China's central bank governor Zhou Xiaochuan didn't even stay in town. Instead, he flew to an international meeting chaired by Mr. Paulson's intended successor, Timothy Geithner.

Preceding Mr. Paulson's arrival in China was a sudden depreciation of the yuan against the dollar -- provoking concern in some quarters that China is prepared to backtrack on one of Paulson's achievements.

http://online.wsj.com/article/SB122846766539882535.html?mod=djemheard
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