The 'Mafia Nation' instilled $30 billion to prepare the 'Mafia Bank' for its IPO. The tax money will be used to pay bad loans and non-performing loans. A public available report shows by the end of year 2005, the Agricultural Bank of China has a bad loan ratio of 26.31, and that its non-performing loans topping $100 billion.
Now, in additional to robbing from its customers, the Agricultural Bank of China robs directly from people whoever unfortunately stuck in the mafia nation.
No comments:
Post a Comment