I couldn’t help but chuckle when vrudny mentioned having a “friend”… China is a communist country, and there’s no transparency whatsoever. Even Japan (not communist) had a serious problem with obscure and hidden banking practices that were part of the asset bubble bursting there in 1990 that hasn’t recovered yet 16 years later.
As for Roubini’s relic commment, I think he was being sarcastic. I wish he would read what he posts before pushing the ‘submit’ button: all those grammar slips detract from his credibility, not to mention his overbearing tone. I bet his scholarly papers are nothing like that thanks to the peer review process.
I saw your postings in his blog. I think he’s Italian. Not all surnames ending in “-ni” are Persian.
