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China Flexes Muscles With US As Biggest Creditor: WikiLeaks

By ADF Alliance Alert

CNBC: "As the U.S. Federal Reserve grappled with the aftershocks of financial crisis, the Chinese, like many others, suffered huge losses from their investments in American financial firms ? from Lehman Brothers to the Primary Reserve Fund, the money market fund that broke the buck. The cables, obtained by WikiLeaks, show that escalating Chinese pressure prompted a procession of soothing visits from the U.S. Treasury Department . . . "

Full post as published by Constitutionally Correct on February 21, 2011 (boomark / email).