“If China wants to ‘look good’ for the Olympics they should ‘pay up.’”

So says commenter “Bob” on the page for Senate Concurrent Resolution 78, which would express the sense of Congress that the People’s Republic of China should disclose the selective default status of certain bonds to the Securities and Exchange Commission.

This refers to a long-standing dispute between China and the holders of bonds issued by the pre-communist government of China. These bonds, referred to as “Chinese Government 5% Reorganization Gold Loan” bonds, were due to mature in 1960. The government of China apparently has refused to acknowledge demands for payment by the bondholders and says it has no obligation to compensate these creditors.

So maybe China should have taken some of that money from the drummers and the dancers and used it to pay these bond obligations!

Here’s the current vote on Senate Concurrent Resolution 78. Click to vote, comment, learn more, and edit the wiki article on the bill.