Financial Digest

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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The Great Chinese Bank BailoutThe 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. So more lending, more artificial spending, more long term debt. Great idea! (sarcasm) 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. This just adds pressure to the world-wide Bubble. It's 'quantitative easing' on steroids.
Source: Forbes - 🏆 394. / 53 Read more »

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