China Rising, II

Yesterday, it was announced that Geely, a Chinese auto company bought Volvo, formerly owned by Ford (a little known fact to all the Volvo drivers who thought it was a company from Sweden, which it once was).  Geely's major financier?  Goldman Sachs.  And Goldman Sachs  is funding this deal.

Great article here about why American taxpayers may end up holding the bag, again, with these "too big to fail" banks.