@[email protected] to Political [email protected] • 10 months agoCNBC breaks shocking newsi.postimg.ccimagemessage-square176fedilinkarrow-up11.4Karrow-down110
arrow-up11.39Karrow-down1imageCNBC breaks shocking newsi.postimg.cc@[email protected] to Political [email protected] • 10 months agomessage-square176fedilink
minus-square@[email protected]linkfedilink6•10 months agoA ponzi scheme is a specific type of scam. Not every mismanaged bankruptcy is a ponzi scheme.
minus-square@[email protected]linkfedilinkEnglish-8•10 months agoMismanaged? ROFL you are clueless. Suck chinas dick much?
minus-square@[email protected]linkfedilink4•edit-210 months agoWhen Lehman Brothers went bankrupt in 2008 because of the sub prime mortgage collapse, that wasn’t a ponzi scheme either. Call it outright fraud, I don’t care. Fuck China. Taking out loans to buy real estate that go down in value isn’t a ponzi scheme.
minus-square@ikapozlink4•10 months agoDude that has nothing to do with liking or not liking China, nothing even to do with whether you think an over- vs. under-supply of housing is a better outcome. You just don’t understand what a Ponzi scheme is.
A ponzi scheme is a specific type of scam. Not every mismanaged bankruptcy is a ponzi scheme.
Mismanaged? ROFL you are clueless. Suck chinas dick much?
When Lehman Brothers went bankrupt in 2008 because of the sub prime mortgage collapse, that wasn’t a ponzi scheme either.
Call it outright fraud, I don’t care. Fuck China. Taking out loans to buy real estate that go down in value isn’t a ponzi scheme.
Dude that has nothing to do with liking or not liking China, nothing even to do with whether you think an over- vs. under-supply of housing is a better outcome. You just don’t understand what a Ponzi scheme is.
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