Canoodling Your Banker

Secretary of State Hillary Clinton: “I certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in treasury bonds. It's a safe investment. The United States has a well-deserved financial reputation.”

“It would not be in China's interest if we were unable to get our economy moving. So by continuing to support American Treasury instruments, the Chinese are recognizing our interconnection. We are truly going to rise or fall together. We are in the same boat and, thankfully, we are rowing in the same direction.”

“Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market, namely the United States the United States has to take some very drastic measures with this stimulus package, which means we have to incur more debt.”