News for hackers. Stuff that matters.

A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by landemva on Monday August 28, 2023 @03:35AM (#37290991)
Instead of the bad debt defaulting and a recession, what alternative is there? Prop it up a little longer? Default on everything, go to CBDC, and issue everyone monthly CBDC tokens to buy food?
[ Parent | on HN ]
Re:Evergrande shares plunge as much as 87% as trading resume... by rightbyte on Monday August 28, 2023 @06:09AM (#37291915)
I guess you could forgive the loans people took for houses that were not built and let the bond holders share the hit.
[ Parent | on HN ]
Re:Evergrande shares plunge as much as 87% as trading resume... by IG_Semmelweiss on Monday August 28, 2023 @06:48AM (#37292179)
I think some of the bondholders are banks. The others are ccp cadre.

That will trigger a run.

[ Parent | on HN ]