“A New US Strategy in the Global Economy” by Robert Borosage:
June 19, 2008, 1:00am

America’s banker isn’t happy. At the WTO, China’s representatives call on the US to halt the decline of the dollar that has contributed to the rising price of food and oil (and racked up staggering losses in the value to China’s $1.5 trillion in dollar reserves). China’s leaders blame Washington’s “warped conception” of market deregulation for the financial crisis that is rattling the world economy. Liu Mingkang, the chairman of the China Banking Regulatory Commission, scorned distorted US policies: “Does moneymaking or doing business justify the regulators in ignoring their duty for prudential supervision and their job of preventing misbehavior?”

From The Huffington Post