• Blue_Morpho@lemmy.world
    71·
    11 months ago

    A ponzi scheme is a specific type of scam. Not every mismanaged bankruptcy is a ponzi scheme.

      • Blue_Morpho@lemmy.world
        4·
        11 months ago

        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.

      • ikapoz
        4·
        11 months ago

        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.