Wednesday, November 16, 2011

IMF Says Chinese Banks May Be in Trouble

The IMF has warned China about its banks.
In a report published today, it states that China's banks are strong enough to support isolated crises, but incapable of overcoming a crisis derived from overexposure to credit, housing bubbles, and the currency values.

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Another Biden Foreign Policy/Military Disaster

You might remember last summer that Niger suffered a military led coup. The U.S. had a large airbase in Niger that it used for the GWOT and ...