Take Back Attack

You know I'll give you television
I'll give you eyes of blue
I'll give you a man who wants to rule the world
--David Bowie

China's government will nullify guarantees made by local governments on funds borrowed from banks. Bulls will argue that this is good--the national government is trying to keep borrowing in check. Bears will argue that $2 trillion of risk is already in the system and that much of that was likely taken with the guaranteed payment pledge.

Seems like one to keep on the radar...