Wednesday, May 28, 2008
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Speaking of karma....
Appropos of my last post, it's worth remembering that five years ago western investors were fretting about the implosion of China's financial sector.
In the here and now, you have this sort of gleeful comeuppance as reported by the FT's Jamil Anderlini:
Western governments must strengthen their oversight of financial markets and improve cross-border regulatory co-operation if they are to avoid future global financial crises, a senior Chinese banking regulator told the Financial Times on Tuesday.
posted by Dan on 05.28.08 at 09:29 AM
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