主题：【原创】救火队成型-中国版本的08火山在前面了？ -- 范进中举

温州银行业不良贷款率环比上升32基点达3.75%；不良贷款额增加175.89亿元. by the end of 2012.

this is just the non-performing loan ratio in the FORMAL BANKING SYSTEM. So shadow-banking system lending is not even included.

首要问题是把停掉大部分地方政府的盲目扩张，在现有项目中，重点保一部分，然后给合法的融资途径，把贷款成本降下来，避免地方债务象滚雪球那样扩大。.........然而，在持续数年的房地产热中，地方实力派已获取了天文数字的财富和很大的政治话语权，中央政府则派系林立，现在很软弱，不敢得罪人，

--you need a strong central gov. leader like Zhu again. Very sad, China is back to the eve of 1992 banking crisis.

这边的五毛们都太年轻，没经历过1992-1995的疯狂与其后的银行业大萧条/大坏账时期。当时nonperforming loan ratio was even above 40%.

I have to emphasize that even in early 2009, when America's trouble was in its peak, the banking system's nonperforming loan ratio peaked at around 5.4%.

温州银行业不良贷款率环比上升32基点达3.75%；--China was NOT even in recession yet.