Friday, October 14, 2011

Jim Chanos Says China Banks Deteriorating

Jim Chanos Interview on Bloomberg on the 11th of October 2011.

He's still bearish on Chinese banks even though the government has stepped up to buy Chinese banks shares.

He emphases that his company focuses on the property market in China and that this market has only started to decline.

In the second part of the interview, they discuss US politics: GOP debate, his support for Obama and income inequality in the US.

Finally, he talks about European banks and the need for recapitalization.

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