insurance co going broke banks holding billions in bad loans USA in 08 no stinky land today
To the bone heads on cnbc the bric is a no brainer investment well if you're saying no go but that's not their spin.
A number of stories have come out that many insurance firms in the land of the long low hanging stink are going broke as a result of regulation changes (read not bribing members of top corrupt caste mbrs, local officals, quad head elephant and monkey idols but only on tuesdays). So chief #$%$ opens the
insurance sector to foreign suckers er investors hoping to get needed hard currency and float the sector
with freshly printed local currency.
But what really is the iceberg yet to be hit is the billions in loans that the coalapsing of the phony trading system will not be able to be paid off. A financial crisis in the land of the long low hanging stink and a
lesser extent communist crappia is just a few months away. Given that stinky land has a trillions in unfunded inferstructure the body oder mkt is not fully pricing in the risks on ground.