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May 14th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: JPMorgan Loses $2 Billion on Unit’s ‘Egregious Mistakes’ nbsp
China Lowers Banks’ Reserve Requirements to Support Growth
Bloomberg – China cut the amount of cash that banks must set aside as reserves for the third time in six months, pumping money into the financial system to support lending after data showed a slowdown in growth is deepening. Reserve ratios will fall 50 basis points, effective May 18, the People’s Bank of China said on its website yesterday. The level for the nation’s largest lenders will decline to 20 percent based on previous statements. Read Article
Tags: Asia, debt wealth, financial system
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