Steven Rattner

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.

In a city that worships the new and the sleek, the street market at Da Jing Road is willfully out of step. It is a splendid jumble of centuries, full of sizzling pot stickers and bleating cell phones, pungent rice wine and bullfrogs as plump as softballs.