naked capitalism Tue 2010-04-20 09:18 EDT
Three ways to keep NPLs down, recapitalize banks, and socialize losses all at the same time
Michael Pettis is out with another great piece on the likelihood that non-performing loans (NPLs) will rise in China when the present spate of malinvestment comes a-cropper. What caught my eye were his statements about the hidden ways in which government pays for bank recapitalization...
keep NPLs; naked capitalism; Recapitalize Banks; socializing losses; Time; way.