Beijing's derivative default stance rattles banks

If AIG make a big bet to insure Goldman Sach, lose that bet, did they default if the bet is paid from the treasury?

 

goes well with how the Chinese f.. over all the western wireless operators taking over the infrastructure for pennies on the dollar.

 

Head I win, tail, I don't loss. Nice !

 

Obviously ignorant on matters of China.

The Chinese play Vampire Capitalism better than the best Vampires we have here.

 

Sounds like they're saying "we won't bail them out".

Isn't that the sensible position to take?