Quote Of The Day

Chinese Prime Minister Wen Jiabao:

“President Obama and his new government have adopted a series of measures to deal with the financial crisis. We have expectations as to the effects of these measures,” Mr. Wen said. “We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.”

Sorry, Mr. Wen. Much like the mortgage lenders who have imploded have learned, you shouldn’t lend money to people based on their “stated” ability to repay.

Hat Tip: MichaelW @ QandO

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