President Bush Unleashes WMD

In an article entitled, Main Bank of China Is in Need of Capital, New York Times reporter Keith Bradsher wrote the following:

“China’s central bank is in a bind.

It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac.

Those investments have been declining sharply in value when converted from dollars into the strong Yuan, casting a spotlight on the central bank’s tiny capital base. The bank’s capital, just $3.2 billion, has

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