” The Macau casinos have a wonderful business, it’s taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more. “
” 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 it comes to lending them money. “
” People who lose money always need someone to blame. “
” Increasingly, the real estate developers can’t get bank loans for their project financing in China. They’re now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. “
All 4 James Chanos Quotes about Money in picture
Topics: Money quotes