MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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China Embraces Ponzi-Bonds
By A Guy Called LULU on Tue, 06/26/2012 - 11:12am |China is preparing to launch a program that will create the same complex debt-instruments that triggered the global financial crisis in 2008. The pilot program will allow banks to convert pools of loans into securities via off-balance sheet securities firms called Special Purpose Vehicles (SPV) or Structured Investment Vehicles (SIV).
URL:
http://www.counterpunch.org/2012/06/26/china-embraces-ponzi-bonds/
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