Re:Baoshang collapse threatens China's economy, may trigger ...
by mrunkel on Sunday June 30, 2019 @06:08AM
(#20317400)
> In China, there seem to be no moral boundary in between just any legit banking business, and the most crazy high finance tricks being done with creditors money.
How is this a "chinese" problem? The recent sub-prime loan bullshit took place in the US and almost sank the global economy.
The bond pricing fixing took place in the UK and cost investors billions.
This is endemic to banking globally. The only thing that seemed to help was Glass–Steagall in the US which of course, banks got repealed because it worked too well.
How is this a "chinese" problem? The recent sub-prime loan bullshit took place in the US and almost sank the global economy.
The bond pricing fixing took place in the UK and cost investors billions.
This is endemic to banking globally. The only thing that seemed to help was Glass–Steagall in the US which of course, banks got repealed because it worked too well.