china banks also have branches in nigeria
to facilitate state-to-state trades as well as to enable "deliver to pile, look, see, buy, store, load, and ship" private trades
banking as a money transfer function, especially when even letters of credit are backed by collateral of the sort that can be measured, tested, certified, loaded, shipped and used elsewhere, is about as good as it gets
i doubt boc would compete against boa for zero-down no-doc real estate mortgage instruments and derivations, tranches, slivers, slices, and such
what the boa and jpm s do is not banking in the 'traditional' sense per invention of civilization state, but simply same as what i might do at times when playing on-line unreal tournament last man standing death match - take measure of situation, gamble |
