The United States' biggest creditor, China, is pointing the finger at America for being the cause of the world's financial woes. According to The Wall Street Journal, China's Premier voiced this opinion at the annual gathering of the world's economic and political leaders.Reportedly China feels that it was duped into investing into American financial institutions- which they thought were safe, only to be pummeled by their investments' collapse. The Wall Street Journal states that China brought a $5.6 billion stake in Morgan Stanley. This was allegedly before the bailout blitz began. China also reportedly has holdings in Fannie Mae and Freddie Mac.
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