"The Chinese premier, Wen Jiabao, left little doubt that Beijing blamed the United States for the economic breakdown. “Inappropriate macroeconomic policies,” an “unsustainable model of development characterized by prolonged low savings and high consumption,” the “blind pursuit of profit” and “the failure of financial supervision” all contributed, he said." (NYTimes.com, 2009/01/29)

Funny! The guy who took most advantage of US consumers "low savings and high consumption" is now bashing them for forking over billions of dollars to Chinese manufacturers during the bubble years. I didn't hear such complaints while dollars and treasuries were rolling East. These "inappropriate macroeconomic policies" worked perfectly well – if only for China.

Now in regard to his criticism of the "blind pursuit of profit" Mister Jiabao has my thumbs up. It's a pitty, that all these dumb and reckless bankers are located in the US. China would be more suited to deal with this crowd. They would face some kangaroo court and the most dumb would at least rot for years in prison. Or be executed just to drive home the point of responsibility for sure to come future generations of greedy bankers.

That would be a much better signal than bailing out the likes of Mister John Thain (banker+ganster=bankster – Hat Tip 2 BBC) with taxpayers money. For these ruthless, careless ghouls who murdered the economy are still walking around, as Maureen Dowd writes in the Times.