| Jack Ma is a very busy man. China's richest man has been busy trying to launch the world's biggest IPO. He has been busy preparing for Alibaba Group Holding Ltd.'s grandest four-day Double Eleven shopping extravaganza. And yet two weeks ago, Ma somehow found the time to opine on China's banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. In that speech, apart from labeling the global banking Basel Accords as an "old people's club," Ma said "systemic risk" is not the issue in China. Rather, China's biggest risk is that it "lacks a financial ecosystem." Chinese banks are like "pawn shops," where collateral and guarantees are the hard currencies. As a result, some decided to go so big they are not allowed to fail. "As the Chinese like to say, if you borrow 100,000 yuan from the bank, you are a bit scared; if you borrow a million yuan, both you and the bank are a little nervous; but if you take a 1 billion yuan loan, you are not scared at all, the bank is," Ma said. The consequences came this week. Read the whole thing. What If Stocks Don't Always Go Up? Advice for Millennials — Chris Bryant Martha McSally's Humiliation, and the Republican Party's — Francis Wilkinson Markets Can Kiss the Blue Wave Goodbye — John Authers Meet Biden's Presidential Chaperone, Mitch McConnell — Ramesh Ponnuru Trump's Presidency Has Brought America Low — Bloomberg's editorial board Trump's Supreme Court Comments Put Barrett in a Bind — Noah Feldman Three Words That Haunt Joe Biden: 'Dewey Defeats Truman' — Niall Ferguson Early Covid-19 Vaccine Hopes Have a Math Problem — Max Nisen Ambani Versus Bezos: A Fight or a Waiting Game? — Andy Mukherjee This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
⇉〖OpenLoad〗 2020 Superintelligence PelÃcula Completa En LÃnea released 2020. story: La vida de Carol Peters se trastorna cuando es selecci...
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