Three Chinese banks in world's top four (we're going DOWN)

[Ms.Wetback]

Three Chinese institutions were among the world's top four banks at the end of 2007 at a time when the market capitalisation of Western banks was suffering from a global financial crisis, a study showed Wednesday.

The number one spot in the rankings, compiled by the Boston Consulting Group, was occupied by the Industrial and Commercial Bank of China, with market capitalisation of nearly 340 billion dollars (218 billion euros).

In second place was China Construction Bank, followed by HSBC of Britain, Bank of China, Bank of America and Citigroup of the United States.

The study found that banks in North America and Western Europe had suffered a loss of 695 billion dollars in market capitalisation at the end of 2007 while their counterparts in emerging market countries Brazil, Russia, China and India had seen their market capitalisation increase by 753 billion dollars.

Major US and European banks have suffered losses and asset writedowns stemming from the near collapse of US subprime -- high risk -- mortgage sector, which undermined the value of billions of dollars' worth of their mortgage-backed securities.


http://www.breitbart.com/article.php?id=08...;show_article=1

 

[OLYMPIAN]

of course we're going down .Take a look at our hopes for president: a black Muslim ,a woman and/or MCsame.

 

[Ms.Wetback]

of course we're going down .Take a look at our hopes for president: a black Muslim ,a woman and/or MCsame.

So true ................. and MCsame is sadly the best of the bunch.

 

[black7]

lolololololol fuck it

 

[Thate]

and MCsame is the best of the bunch.

without question

 

[tacosupreem]

So true ................. and MCsame is sadly the best of the bunch.

nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

 

[Vegas Kid]

McSame, McPain, McLame, take your choice....

We might as well learn chinese...

 

[gilly6993]

we're going down?.....I thought we were already below China....

 

[ALLO]

I just loathe these 3 iidots running for president, but Obama is really the worst fo the bunch. I would run over all three of them with my car, but a fucking muslim, I would drive his ass into the ground several times.

I go to work everyday and I see all the people around town who don't have a clue as to what is going on. I wonder what they will do when the dollar outright collapses( its on its way). How will they eat, how will they drive? I wonder how in the fuck that idiot Bush can look himself in the mirror. People here in America cannot afford 5 bucks for some fucking milk, 4 bucks for a gallon of gas, yet this dickhead signs a bill to send Africa 770 million bucks in food aid. Thats right folks, you read it right, FUCK YOU, YOUR TAX DOLLARS ARE BEING SENT OVER TO AFRICA TO FEED THEM, NOT YOU. Why the hell do people keep voting these assholes into office?

 

[Mick-G]

^look how much this war is costing, lol billions.? sorry i got to vote Hillary even tho i don't really care all that much for her, but MCsame we can not afford. Look how many companies went bankrupt and Ford is doing very bad. My accountant told me if they don't start picking up they will also be there. They owe big time in credit, and ppl talk of buying American, lol what a joke! They just spent billions on a factory in Mexico. You know what will happen if our $ collapses? Many ppl will be jumping off bridges like back when...no lie

 

[mrhtbd]

I jumped off a bridge once. Top of the tressel on the Cheat River in West Virginia. Did an ass-breaker and the water shot up past the top of the tressel. My hamstrings and ass had huge bruises for over three months!

 

[the shocker]

of course we're going down .Take a look at our hopes for president: a black Muslim ,a woman and/or MCsame.

hahaha, isnt that the fucking truth