What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations. — James Chanos Copy Share Image
In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy. — James Chanos Copy Share Image
Dubai was a property bubble. Plain and simple. Go to Dubai and see what happened. It was... what I call it the 'Edifice complex'… — James Chanos Copy Share Image
And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B,… — James Chanos Copy Share Image
Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger.… — James Chanos Copy Share Image
Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like… — James Chanos Copy Share Image
So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when… — James Chanos Copy Share Image
Chinais a world class if not the world class property bubble, primarily high-rise buildings, offices and condos. — James Chanos Copy Share Image
There's almost 70 billion in square feet under construction in high rises in commercial, residential and light manufacturing. And we estimate about 30 billion… — James Chanos Copy Share Image
What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed… — James Chanos Copy Share Image
The U.S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a… — James Chanos Copy Share Image
I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they… — James Chanos Copy Share Image
Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As… — James Chanos Copy Share Image
