The always insightful Billmon
Add in securities held through third parties, such as offshore banks, and China could easily be holding close to $300 billion in America's national debt -- second only to Japan. And unlike Japan, nearly all of China's Treasury holdings are in the hands of the Chinese government.
If the dipsticks in Congress really had national security threats on their minds, they'd probably be worrying about that one -- not the risk that ownership of Unocal might allow China to tamper with the U.S. oil supply in time of war.
1:23:27 AM 
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