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China to declare local government loan guarantees Null and Void. Oh Crap.
While the world markets continue their respective melt-ups, here’s some Big News from China – according to Bloomberg, all loan guarantees by local governments are now declared null and void.Yes. Null and void.For those wondering what the BFD is, try putting yourself in the shoes of those who lent approximately US$3.5 Trillion (yes, it’s T, ...
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uncletrader Posted by uncletrader User Menu
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on March 8, 2010 at Temasek Hedge

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