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Capitalist irony

March 18, 2009

Re "China has misgivings about U.S. debt," March 14

What delicious irony.

Communist China holds "roughly $1 trillion of U.S. Treasury and other government-backed bonds."

So the worried banker to our proudly rich and powerful capitalist country is a communist country we not so long ago would have nothing to do with, and sought in various ways to rid the world of. And we're dearly hoping China will continue to bail us out of our self-inflicted dire straits. Who was it who said capitalism would dig its own grave?

Tom Robischon

Los Angeles

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