Geithner was asked several times about his thoughts on Chinese and Japaneseefforts to mainatain high exports via currency interevention. Having learned at the knee of the master, Bob Rubin, Geithner responed with the bland mantra that exchange rates should be flexible and set by the market. He did not go beyond that formulation to address the fact that some of our larger trading partners do not set rates in the market, like China.