nakedcapitalism.com - 6/29/2009
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Readers may recall that it wasn't all that long ago that China's banks were sitting on big losses and the analysts debated how bad the mess was. In 2003, for instance, the damage was pegged at $500 billion, a stunning figure given the size of the economy, and meant the banking system was ...
telegraph.co.uk - 6/29/2009
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Here We Go Again
Bear Mountain Bull —
“Stimulate” until things get precarious again. That’s the way governments and central banks operate. From naked capitalism, Chinese Banks: “An Accident Waiting to Happen” : Readers may recall that it wasn’t all that long ago that China’s banks were sitting on big losses and the analysts debated how bad the mess was. In 2003, for instance, the damage was pegged at $500 billion, a stunning figure given the size of the economy, and meant ...
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