May 18, 2011

Jim Chanos on the hot Chinese IPO market

It is interesting that as the party elites and others are trying to get their money out, via circumventing the banking regs or through Macau or whatever, that the American public is being asked to buy right in through the IPO market.

~Jim Chanos, founder, Kynikos Associates, CNBC "Squawk Masters", May 18, 2011

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