Barney Frank plays poker with China
U.S. Representative Barney Frank is rarely shy about expressing his opinions. Just yesterday he said it may be time to fire some people at AIG. Now he’s accusing China of bluffing after Premier Wen Jiabao expressed “some worries” about the value of U.S. bond holdings.
Here’s what Frank, the chairman of the House Financial Services Committee, had to say:
“We do want foreign capital to come in here and we want private capital. We just had the Chinese raising the specter of not buying our Treasuries. Well, that would be troubling. I think they’re bluffing, personally.”
So is China holding pocket aces? Leave your comments below.
(Reuters photo of Wen Jiabao by Jason Lee)