Chinese Banks Risk 5x US Banks' Subprime Losses: Bass

[cieldumort]

China Banking Crisis Risk Grows

Comments

[nebris]

urp

[robbied90]

I think some of the mainstream media are now taking the possibility of a new global recession seriously. I don't know about the US but here in the UK we had a couple of analysts explaining the possible outcomes should things continue.

[cieldumort]

Yeah, and if the banking system starts to unravel any more than it has done so already this year, and especially so if these banks in China begin popping, I think a garden-variety global recession could even be a rosy scenario.

[anonymous]

Subprime crisis already hereIncluding ``special-mention" loans, which are those showing signs of future repayment risk, the industry’s total troubled advances swelled to 4.2 trillion yuan ($645 billion) as of December, representing 5.46 percent of total lending. That number is already higher than the $600 billion total subprime mortgages in the U.S. as of 2006, just before that asset class toppled the world into the worst financial crisis since 1929

[sciencepeppery]

Its fabulous