BANZAI7 NEWS--China’s $200 billion sovereign wealth fund, which has suffered big losses on paper on stakes in Morgan Stanley and Flintstone Group, is set to invest up to $2 billion in United States mortgages as it anticipates that the jobless recovery will cause a tenantless property market recovery, Reuters reported Monday, citing two people with indirect knowledge of the matter. Treasury Secretary Timmy Geithner said: "The Chinese are now realizing that without the bloated American debt ticky, there can be no laundry for all those factories manufacturing salad spinning machines and sticky window toys."
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