James Chanos quote

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What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.
James Chanos
James Chanos
Born: 1957

Topics

People, Those, Out, Bad, Bubbles, Never, Over, Were, Questionable, Just, Banks, China, Realize, Organizations, Credit, Last, Two, Bonds, Loans

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Related Authors

Bill Gates, Henry Ford, Jim Rohn, Les Brown, Peter Drucker, Stephen Covey, Steve Jobs, Warren Buffett
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