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Squawk on the Street
00:00
The Chinese Communist Party and the Men Jack Ma
I can't call them for a ban on Chinese IPOs here for a long time. I hate to our people to lose money. We need some sort of cooperation with China. In return a lot of banks get fees it's good because the quarters for the banks as we know is going to be very weak. This could offset both commercial real estate and it could even make it so that the more it's better than deposit insurance. It may be ultimately what happens but I think they can't argue that that's going to be. They have to give in on certain things.
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