Geithner Warns China to Cure its Addiction to Lending
---- WASHINGTON, D.C. ---- United States Treasury Secretary Timothy Geithner Sunday blasted China for its "addiction to lending." "They never even asked how much we make" said Mr. Geithner. According to the United States, China preyed on white people with good credit, extending loans they could never pay back. "China can take the House" said an exhausted President Obama. "Make sure Boehner's in there when they do." China reportedly doesn't want the House, but might settle f
Bank of Japan Devalues Currency, Again
---- TOKYO, JAPAN ---- This weekend Japan's Finance Minister Yoshihiko Noda announced the Bank of Japan's plan to devalue the Yen a second time in one week. This debasement comes on the heels of Japan's initial intervention to weaken the Yen on Wednesday. "This move goes farther. The Yen isn't just worth less than the United States Dollar now. It's worthless" Mr. Noda explains. "Everyone has to trade in their old Yen for the new bills at participating 7 Elevens on Monday."