News for hackers. Stuff that matters.

A comment on China Busts a $3B Underground Bank. Parent comment

Re:China Busts a $3B Underground Bank by will4274 on Friday November 24, 2017 @03:48AM (#15770147)
This is FUD. Billions of dollars are loaned to businesses (for purposes besides those you list) every year. See for example the SBA annual report (available online for free on sba.gov).
[ Parent | on HN ]
Re:China Busts a $3B Underground Bank by coliveira on Friday November 24, 2017 @12:58PM (#15772072)
SBA loans are guaranteed by the government. They are zero risk loans for bankers, in other words, it is just another way to subsidize the banking industry.
[ Parent | on HN ]