One thing I don’t understand is why HUD secretary for panhandling? Isn’t it the job of treasury secretary or someone from FED to handle the nations monetary/fiscal crises? This Alphonso’s bio reads like a mid-level bureaucrat; hard to imagine him convincing skeptical hard nosed China central bankers.
Another question is, why China? Japan is equally awash in $ and if there is anyone in Asia that may take a financial bullet for US, it is probably BoJ. We surely enjoy more goodwill with Japan than China.
Anyway, if the story is true i.e HUD secretary is gone “fund raising”, we are approaching the iceberg and there aren’t enough lifeboats!
