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Suntech (STP -31%) won't be bailed out by a Chinese government that wants to make good on its...

Suntech (STP -31%) won't be bailed out by a Chinese government that wants to make good on its promise to let individual firms sink or swim, claim two advisers to national agencies. The NYT reported yesterday the Wuxi municipal government had reached a deal with Suntech. Maxim Group thinks a default could arrive tomorrow, and that most of fraud-wracked GSF Capital's 141MW project pipeline can't be sold; many on the Street seem to believe them.
Comments (1)
  • marne.vivek
    , contributor
    Comment (1) | Send Message
     
    wow.. this is brilliant.. so much for bailout nations..
    14 Mar 2013, 10:38 AM Reply Like
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