46 per cent said their banks made no efforts to uncover bad loans.
The good news is we will be able to buy the loans for cents on the dollar.......any takers?
Our alarmists here love to point out "Look, the Chinese buy our bonds and they are owning us!". At the other side of the fence the thinking in China goes that "The US can actually freeze all the bonds these Chinese Communist nouveau riche and corrupt party officials if necessary, and because they are stored in the US the Chinese can't really withdraw them."
So this means that we will own all the businesses in China, and China will own all the businesses in the US?