Luckydude, many points were made, not sure which you want me to address but I'll try.
I mostly agree with the banking comments but I'm not sure it's to consolidate small banks in big names although that thought has crossed my mind. FED has considerable power over banks ... FRC was closed and sold in one day ... seems there was no due process? None of the banks entered/²filed title 7 nor title 11 bankruptcies ... we don't know they were actually insolvent??? But we do know the FED took swift action. That shows the power of FED! But clearly only the bigest fiancial institutions have the capital to take over these banks, so I can't say, one way or another, it's there plan. A simular thing happened to GM, stock was wiped out and government and union became the new shareholders. I didn't think that was right because there was a long established and legal pecking order that wasn't followed.
As for Evergrande, China wouldn't bail them out. I think the loans from big lenders to bail them out is risky. China as well as most foreign countries can just say sorry but you don't get your money ... has happened many times before. Why I rarely invest in foreign markets, exceptions were Canadian MJ that I regret, a vitietnam shipping company i regret, a Canadian ATM company and Norway salmon I was happy with.
So this is my disclaimer, I don't follow Evergrande situation so just my opinion based on limited info.
The other point was power of big internationals companies, particularly fiancial sector. They certainly have power but I don't think it exceeds power of any foreign power, rather money is influence not control. But internationals have to deal with rules and laws of governing nations which
carry subsequent risks (and benefits). Think of the companies that were in russia but are no longer in Russia ... Russia is but one example but shows some of the risks. Perhaps, thats why C's stock trades as discount to NAV year after year??? Certainly a thought but then a stock's price isn't based on it's fundamentals.
I'm not a financial advisor, THEREFOR, do not make any decisions, financial, investment or otherwise, based on any of the information, presented in any of my messages, WITHOUT undertaking independent due diligence and/or consulting a financial advisor.
