Opening paragraph:"Financial TimesUntil a few days ago, the...

Opening paragraph:

"Financial Times
Until a few days ago, the notion that China might face an imminent financial crisis was a prediction that only the bravest of bears dared make. But when short-term money market rates soared to 28 per cent on Thursday, forecasts of a crisis no longer seemed ..."

Now if Bernanke was in charge of China's banking, we know what he'd do. Let's see how China reacts.