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To: thinden
the question is will brandon & yellen (US taxpayers) save the big US Banks holding Evergrande debt (ala silicon valley bank)

No question that China will help. There are U.S. taxpayers still waiting on $1.5 trillion in old Chinese railroad bonds that China hasn't paid a penny on since they became Communist. It amazes me that China has a credit rating anywhere above "Complete Bull Crap" status.

10 posted on 01/29/2024 8:44:00 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right
No question that China will help.

Could you elaborate on how "China will help."?

On the railroad bonds, they simply refuse to pay, as I understand it.

If China is not willing to have Chinese companies pay valid debts, their credit rating should go into "Complete Bull Crap" status.

Of course, the US government has been propping up the Chinese for about 40 years.

13 posted on 01/29/2024 8:55:06 AM PST by marktwain
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