China To Halt US Lending?

From Reuters:

Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

As a half-full guy, I’m going to read this as “US Will Stop Borrowing Money From China” and be happy. Ok, I’m not really a half-full guy. I’m more of a “you’re an idiot for using such a big glass if that’s all the water you’re going to put in it” guy.  But still.

The real question is this…what’s Congress/Bush/Obama/McCain going to do about that?

I crack me up sometimes.

HT Newscoma

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