As the world wide recession is deepening, we can now witness the greatest American export. It is the financial crisis the US give to the whole world. Thanks to the innovation of the American financial brains trained in elite business schools, they dreamed up fancy schemes to make money for the investment banks and (of course) themselves. Now the whole world is in deep trouble. Those who came up with all these financial products never got punished. Instead, they received millions of bonuses and bail out money from the government to stay afloat (so that they can do it again).

The Chinese Premier is correct when he blamed the source of this financial crisis squarely on the US. The western media scream at the Chinese and its government if they smell any wrong doing by the Chinese. I did not hear or read much screaming by the western media pounding on the American financial institutions, government, regulating agencies, or its elite business schools on causing this financial crisis.