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Time for China to learn all about financial restructuring. I'm thinking a Debt for equity swap, a haircut for investors and jail time for the directors. Propert
by drumhead 5y ago
Time for China to learn all about financial restructuring. I'm thinking a Debt for equity swap, a haircut for investors and jail time for the directors. Property is a religion in Asia, there's an unshakeable belief in its robustness as an investment, this may help to shake that a bit.
- randomsearch 5y agoNot just Asia, as we shall see when interest rates begin to rise in the west.
- drumhead 5y agoYes, that is not going to be pretty