China’s “Lehman Moment” arrives on 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest, by Tyler Durden

It looks like the Chinese government is going to let a company that many thought was too big to fail, fail. From Tyler Durden at zerohedge.com:

Yesterday, when covering the non-stop drama surrounding China’s most insolvent property developer, Evergrande, we said that it would be remarkably ironic if Evergrande were to announce a default – which everyone knows is coming – today, on the 13th anniversary of Lehman’s bankruptcy filing on Sept 15, 2008.

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