Jim Chanos brushes off chatter about the large Chinese banks being broken up, calling them "arms...

|By:, SA News Editor

Jim Chanos brushes off chatter about the large Chinese banks being broken up, calling them "arms of state policy. They loan because the local party official ... tells them we need a new stadium ... I really doubt the party is going to give up a lever of power." (Chanos earlier on "the party.")