Comments on: The Global Financial Crisis Will Cost Western Banks a Share of Future China Profits

By: Big Surge in Secondary Stock Offerings Will Lead to a Major Uptick in IPO Profit Plays

Wed, 13 May 2009 10:01:47 +0000

[...] CCB stake wasn’t news to Money Morning readers. In a story published in mid-January – “The Global Financial Crisis Will Cost Western Banks a Share of Future China Profits” – Money Morning reported that BofA was going to have to sell some of its stake in that key [...]

By: Obama Administration Must Revive "Shadow Financial System" to Revive U.S. Banks

Obama Administration Must Revive "Shadow Financial System" to Revive U.S. Banks — Tue, 10 Feb 2009 12:48:00 +0000

[...] Money Morning Investigative Report on the Bank Bailouts (Part VII): The Global Financial Crisis Will Cost Western Banks a Share of Future China Profits. [...]

By: 11 Reasons Why It’s Time to Buy China

11 Reasons Why It’s Time to Buy China — Tue, 20 Jan 2009 00:00:04 +0000

[...] It sold its entire 4.3% stake in Bank of China. And a week ago, Bank of America Corp. (BAC) cashed out part of its stake in China Construction Bank Corp. for an estimated $2.83 [...]

By: Bank of America Gets $138 Billion Bailout as Merrill Takeover Backfires

Bank of America Gets $138 Billion Bailout as Merrill Takeover Backfires — Fri, 16 Jan 2009 23:30:49 +0000

[...] by about $7 billion, and has slashed its dividend pay out from 32 cents a share to just one cent. Earlier this week, BofA sold its 19% stake in China Construction Bank Corp. in a desperate bid to raise more [...]

By: Noel Douglas

Noel Douglas — Thu, 15 Jan 2009 15:45:44 +0000

**Personal Opinion only**
Business could have prospered and kept going without creating these massive layoffs, if only the Government had by-passed the lending institutions and given the Bail out Monies directly to the public to pay off their debts and keep spending. The same money would go back into the Retail sector and Real Estate / Morgage sector, which in turn would simply keep the public spending for Goods and Services, requiring more firms to retain workers. It seems all bail out monies go to the large Corporations, which can only extend the Recession for many, many, months, before this mess works itself through to better times. **Noel**