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Local Bank Runs In The Red Ponzi—-A Contagion Waiting To Happen
11-08-2018, 08:55 AM,
#1
Local Bank Runs In The Red Ponzi—-A Contagion Waiting To Happen
Local Bank Runs In The Red Ponzi—-A Contagion Waiting To Happen

A bank run at a small local institution in the southwestern Chinese city of Zigong could be a sign of an impending financial crisis. Shareholders of Bank of Zigong in Sichuan Province absconded with 40 billion yuan ($5.78 billion), through loans issued to shell companies that they had created, according to a Nov. 2 post […]


http://davidstockmanscontracorner.com/lo...to-happen/
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