The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (204138)	5/26/2009 8:23:57 AM
From: Pogeu Mahone	Read Replies (1) of 306849

JQP I know you are not perceptive and need things spelled out for you , here you go : China's banks to absorb shocks in 2009, says S&P By Daniel Inman 8 January 2009 The ratings agency predicts that the problems facing Chinese banks this year will not be big enough to result in ratings downgrades. Standard and Poor's outlook on China's banking sector is stable. "Major banks are financially positioned to absorb the shocks that are likely to mark 2009, provided the government doesn't interfere too much in their lending processes," the ratings agency says in a report published yesterday. The problems that the sector faces are not of a magnitude that they could lead to a negative ratings change on the major banks, it concludes. [This is the same S&P that gave 'AAA' ratings to toxic subprime securities, but they might know what they are talking about this time.] a very big LOL

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