Another China bank failure

Summary:
Dumb USD zombie Chicomms keep "pumping!"... third one... Hengfeng Bank was finally pushed into some state-led resolution, making it the 3rd bank failure in China. Will creditors take losses, like with Baoshang, or not, like with Jinzhou? If there are losses, Monday could be wild for the interbank market. So probably no losses. pic.twitter.com/r8tX0ORaTJ — adam wolfe (@adamkwolfe) August 9, 2019 Pump up the Jam![embedded content]

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