<p><pre><code>  &gt;My suspicion is that China will actually let a few banks fail before the government steps in
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Too late, the government has already stepped in. <a href="http:&#x2F;&#x2F;money.cnn.com&#x2F;2015&#x2F;02&#x2F;04&#x2F;news&#x2F;economy&#x2F;china-economy-stimulus&#x2F;" rel="nofollow">http:&#x2F;&#x2F;money.cnn.com&#x2F;2015&#x2F;02&#x2F;04&#x2F;news&#x2F;economy&#x2F;china-economy-s...</a>  (cutting the reserve ratio is basically like giving money to banks)<p>Don&#x27;t expect to see something like TARP, the central banks have found less controversial ways to fund banks (by buying mortgages, etc)