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The Chinese have a saying and curse – may you live in interesting times. The financial crisis and credit crunch are certainly interesting times. But how do these complex shenanigans impact on the real economy?  We are experiencing a crisis in what is called the monoline business in the USA where banks are set to write down more than $200 billion of their assets. Kissing goodbye to all that money brings a banking collapse so much closer. $2.4 trillion in loan guarantees have been called into question.