Our “adversary” media have been extremely deferential toward those promoting the looting of the American taxpayers during the ongoing economic and financial crisis. However, Bloomberg News should be congratulated for filing suit against the Federal Reserve in an effort to disclose the securities the central bank is accepting on behalf of American taxpayers as collateral [...]
Instead, it is ensuring future economic growth!
Chinese banks own a very minor amount of our toxic mortgage bonds.
It’s not because the Chinese are more brilliant than the rest of the world. It’s because the government severely limited how much money Chinese banks and corporations could invest in non-Chinese securities.
Because of those policies, China [...]
TIANJIN, China (AP) — U.S. lending standards before the global credit crisis were “ridiculous,” and the world can learn from China’s more cautious system as it considers financial reforms, the top Chinese bank regulator said Saturday.
Beijing curbed mortgage lending in 2003 and 2006 to keep debt manageable amid a real estate boom, while American regulators [...]
China looks to the Near West
Commentary: Having been burned in the U.S., China goes to Europe
By MarketWatch
NEW YORK (MarketWatch) — China Development Bank is in the position U.S. banks
were in a few years ago: seizing upon weakness overseas.
CDB (CDBZY) is readying a bid to buy a stake or more in Dresdner Bank AG,
according to reports. [...]
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