Overnight, Heng Feng Bank was bailed out (in a more unusual way than Baoshang Bank and Bank of Jinzhou) were bringing the total number of Chinese bank bailouts to 3 in just the last 3 months!
Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized https://www.zerohedge.com/news/2019-0...
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.