Many of them [the people who lost their shirts] were solidly middle class professionals. They were drawn to the rural banks because of the relatively high retur

Many of them [the people who lost their shirts] were solidly middle class professionals. They were drawn to the rural banks because of the relatively high returns that were offered. Now, many are struggling Good, I say. People are motivated by incentives, and if you reward unsound business practices there will be more of the same. It's refreshing to see China not repeating the mistakes that the overfinancialized US are making. If you bail out unsound banks there will be more unsound banking.