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2012-12-10 Economy
China's Wanxiang Buys Battery Maker A123 Systems For $260 Million
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Posted by Beavis 2012-12-10 10:30|| E-Mail|| Front Page|| [220 views ]  Top

#1 Has China slowed down buying US Bonds? Of course, that's why the US lost its AAA credit rating or maybe that was a coincidence. However if it's OK for a bankrupt Greece to sell off its assets in a fire sale, it should be OK for the US as well.
Posted by tipper 2012-12-10 14:02||   2012-12-10 14:02|| Front Page Top

#2 Is that pronounced Wank Shang?
Posted by M. Murcek 2012-12-10 14:25||   2012-12-10 14:25|| Front Page Top

#3 A123, which received a $249 million low-interest loan from the U.S. government.

That's not quite right. The $249M was a draw down grant - not a loan. Of course with the Obama admin the difference is sometimes less than real.
Posted by lord garth 2012-12-10 17:24||   2012-12-10 17:24|| Front Page Top

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