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To: John Vosilla who wrote (50450)	5/3/2006 12:12:12 AM
From: shades	Read Replies (2) \| Respond to of 116555

US banking system that is strongest of all and Chinese state run banking system is basically insolvent The philster has said many times since the fun with S&L scandal - they are gonna save the BANKS no matter what else blows up. That bush's administration has been one big sham to save the banks and the big companies at the cost of everyone and everything else in society. All the laws enacted the past few years seems to make what phil says true to me. What is the Wiz saying lately on the macro economy?

To: John Vosilla who wrote (50450)	5/3/2006 1:26:33 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

>>Chinese state run banking system is basically insolvent.<< Not true any more. The bad loan has declined plenty for the big 4 State banks of China (one already IPOed in HK stock market, and another two soon to follow later this year), and the profit is up a lot too. Nasdaq really wants all 4 of them IPO here in the US, China does not consider it now. Most of bad debt of the Chinese state banks are actually the subsidy for SOEs. So they do serve the purpose to maintain the social stability, believe it or not.

To: John Vosilla who wrote (50450)	5/3/2006 8:13:20 AM
From: russwinter	Read Replies (3) \| Respond to of 116555

it is the US banking system that is strongest of all .> Smoke and mirrors, tiny loan loss reserves, right at the point when foreclosures and deliquencies are surging. xanga.com Southern California, for instance, saw a 33 percent jump in notices of default, from 8,330 in the first quarter of last year to 11,102 in the first quarter of this year. Confirmation from Accredited Lending: “Delinquent loans (30 or more days past due, including foreclosures and real estate owned) were 2.85% of the serviced portfolio at March 31, 2006, compared to 2.47% at December 31, 2005 and 1.72% at March 31, 2005.