Friday, December 19, 2008

Chinese Banks' Great Leap Backward - WSJ.com

In the department of what else can we worry about? The WSJ suggests that Chinese banks are being pressured to take some major chances.Chinese Banks' Great Leap Backward - WSJ.com: "...risk-prevention institutions built up over the past decade are now under enormous pressure to forgo prudence in the interest of maintaining economic growth. There have been two triggers for this. First, the global

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