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Problem sovled? With strapped local governments lacking the means to make good on their massive...

Problem sovled? With strapped local governments lacking the means to make good on their massive borrowings, Chinese banks rolled over at least 75% of the maturing debt last year (interest only? option ARMs?). It begs a question: Who's rolling over the banks' borrowings?
Comments (2)
  • TangoOscar
    , contributor
    Comments (377) | Send Message
     
    The Federal Reserve of course!
    29 Jan 2013, 01:07 PM Reply Like
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    This seems critical of China. Is it any different here in the USA?
    29 Jan 2013, 01:13 PM Reply Like
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