Relevant:
- Europe Opens $80 Trillion Shadow Banking Pandora's Box: Will Seek To Collapse Repo "Collateral Chains"
- The Two Great Financial Mysteries of Our Time: Missing Money and Collateral Fraud
- Gold Gets Sucked Into China Commodities Collateral Fraud Scandal
- After port fraud, China's vast warehouse sector under scrutiny
- China's Biggest-Ever Metals Deal Snaps Up Cleveland's Aleris
2014-06-15 — zerohedge.com
``It's official - everyone's involved! According to the 21st Century Business Herald, at least 17 financial institutions involved in copper, aluminum and other nonferrous metals financing business face losses of almost 15 billion Yuan (not including the contagious rehypothecated collateral chains involved) due to the over-invoicing of the Qingdao port.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
