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You definitely won't see anything like this in the US: https://www.businessinsider.com/china-tells-evergrande-founder-to-repay-debt-with-own-money-2021-10 https
by contravert 3y ago
You definitely won't see anything like this in the US:
https://www.businessinsider.com/china-tells-evergrande-founder-to-repay-debt-with-own-money-2021-10 https://www.businessinsider.com/china-tells-evergrande-found...
Like in 2008, bankers made a killing selling toxic products and socialized all the losses when everything came crashing down.
- worrycue 3y agoActually it's the US government that made a killing with TARP loans and acquisitions. Bankers lost their shirts in the whole thing - having to pay interest on those TARP loans or had to sell their shares to the government to get capital to survive.
- jibe 3y agoList of banks acquired or bankrupted during the Great Recession https://en.m.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession https://en.m.wikipedia.org/wiki/List_of_banks_acquired_or_ba...