
COMPANY INTRODUCE
China Hongyang Group, is an integrated enterprise with the research & development, production and marketing of Fuel Dispenser and related accessories as well as service station concerning equipments. It concentrates on the relative manufacture & services of filling station such as Hongyang tax control Fuel dispenser, IC Card fuel dispenser, manage system of network for stations, submerge pump and liquid level devise. China Hongyang Group, designed supplier of SinoPec and PetrolChina, our HONGYANG products have been sold to over 50 countries in South-east Asia, Mid-east, Africa, Europe and well received in their markets.
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
alone.
But little Iceland is not Thailand or Turkey. Its largest bank, Kaupthing, is only the 50th biggest in Europe. This
week Standard & Poor s, a rating agency, assuaged some fears when it rated Glitnir at a level higher than credit-
derivative investors had expected. The banks insist they have ample liquidity. Now all they have to do is prove it.
© 2006 .
About sponsorship
Economics focus
Of angels and banking
Mar 30th 2006
From The Economist print edition
A new book highlights the danger of seeing banking regulators as a pure force for good
THE last time anyone thought to connect angels and banking was in 1946, when James Stewart
starred in “It s a Wonderful Life� Soft-hearted readers will recall that Stewart s character
heroically prevents a Depression-era run on his b fuel dispenser ank, and is dissuaded from suicidal plans
brought on by the bank s probable collapse by a guardian angel called Clarence Oddbody.
Sixty years on, three economists, James Barth, Gerard Caprio and Ross Levine, have published a
book, called “Rethinking Bank Regulation Till Angels Govern�, which analyses the attempts by
governments around the world to make the banking system safe fuel dispenser from calamities such as fuel dispenser the run that nearly did for
Stewart s fictitious institution. Alas, the book resists the claim that Clarence Oddbody has been moonlighting at the
Federal Reserve, calling himself Alan Greenspan. Instead, it provides controversial criticism of what the authors
regard as the other-worldliness of much bank regulation.
The book s title is inspired by the words of James Madison, one of America s founding fathers
If men were angels, no government would be necessary. If angels were to govern men, neither
external nor internal controls would be necessary. In framing a government which is to be
administered by men over men, the great difficulty lies in this you must first enable the government
to control the g