The Great Chinese Bank Bailout

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The People's Bank of China has announced a scheme to recapitalize banks so they can lend more, with the aim of shoring up the slowing Chinese economy

 

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This just adds pressure to the world-wide Bubble. It's 'quantitative easing' on steroids.

Great article!! I agree with the authority on this article: recapitalization is a bailout. It’s like refinancing for creditors. The govt wins too, tho.

So more lending, more artificial spending, more long term debt. Great idea! (sarcasm)

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