Liu Mengxiong (刘梦熊), a member of the national committee
of CPPCC (政协委员), once again slammed China's financial regulatory
authority (国家财政金融管理当局) for purchasing $376 billion bonds
from Fannie Mae & Freddie Mac, two US mortgage giants
which were initially sponsored by the US government but now
administration refused to bail them out when they face
bankruptcy. Mr Liu urged an investigation into the bond deals
and demanded to know if there were undesirable drives or
even treasonous motivations corrupting the judgment when
He has been looking for the explanation from the authority
for years, but so far has received no response at all, either
from the financial regulatory body or from its higher authority,
namely the State
Council which is led by Wen
Jiabao who once told the Chinese public that to save
America is to save China.
The below are some screen shots of Chinese comments posted
on China's microblog:
officials started to get kickbacks from foreign businesses.
- Just keep spreading rumours about
the death toll during early 60s - it's a effective method
to shift public attention away from the bond scandal.
- Such investigation is long over due. Many of China's
top consultants were recruited as U.S. economic agents
when they studied there.
- Last year I interviewed Liu Mengxiong but when my report
was republished by China News, I surprisingly found the part
related to the US bond kickbacks missing. I urge the relevant
organizations to be honest with Chinese public in terms of
whether there were kickbacks in the trade, which officials
were involved and how much they've got.
- You only need to find out who are the economic
consultants to the decision makers then you'll know
the truth immediately.
Wen Jiabao said there are rumours
targeting him and his family. Now, this is certainly
a big one, please prove to the public it isn't true.
- Some economic experts like to say that China has $2,000
billion foreign exchange reserve that must find a way to
spend. But they only need to look around and they'll see
how many people who have no shelter, how many kids
who can't afford to go to school, how many elderlies
who receive no financial support and how many citizens who
have no money to go to hospital!
- Each Chinese citizen has a right to demand an answer from
the financial authority and the State Council.
- It isn't a dreadful thing to invest overseas, but it is
terrible when no one checks how the investments are done.
State Council is responsible for this bond disaster!
- We need to identify the biggest culprit and bring his
to court - that will serve as a powerful warning to those
who intend to committed high treason for their personal interest.