How to sell the same junk to the same sucker multiple times...
The Chinese must be desperate indeed if they're willing to buy the same pigs in the same pokes -- that is, buying the same lousy, opaque, risky mortgage-backed assets. First ya gets burned on the stuff bundled by the banks. Now you're going to buy the small and medium sized banks themselves? The ones that are setting up for massive waves of failure as commercial loans head south?
Chinese-US pact to "help" troubled US banks.
And here's another poser. Why are U.S. investors so hot to pour money into Chinese assets if the Chinese are looking to put their money elsewhere? Could it be that all those stories about overcapacity, overbuilding, and abysmal returns on capital are true? Would Chinese banks be looking to buy some of the most opaque, risky assets on Earth (and in the U.S.) if they weren't?