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"The world revolves around money, and it makes its own rules," says the CEO of China's Noah...

"The world revolves around money, and it makes its own rules," says the CEO of China's Noah Holdings (NOAH). The company is a seller of wealth-management products, including trusts, which are exploding across the country as capital seeks better returns and businesses in need of credit seem willing to pay anything. The action reminds one professor of the conditions that led to the 1907 panic in the states. A great read about what sounds like a house of cards.
Comments (2)
  • Vuke
    , contributor
    Comments (1645) | Send Message
     
    It's deja vu once again. How is it we keep learning the same thing, over and over?
    9 Oct 2011, 10:35 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9932) | Send Message
     
    Now that's a scary prospect. Could well be yet another catalyst in a worldwide market sell-off.
    10 Oct 2011, 02:35 AM Reply Like
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