• Blue_Morpho@lemmy.world
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      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
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      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.