The View from Across the Pond

From the Telegraph:

The biggest irony is that just as the US Treasury is now standing behind the US banking system as the lender of last resort, the Chinese government stands behind the US Treasury as its lender of last resort. Were the Chinese to stop recycling their giant trade surplus by buying up US government debt, the resulting panic could make last week's crisis look like a storm in a teacup.

And they didn't even give the writer's name.