this post was submitted on 19 Mar 2024

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Evergrande: China property giant and its founder accused of $78bn fraud (www.bbc.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 102 points 6 months ago* (last edited 6 months ago) (1 children)

If a billionaire is in actual trouble, he's in China. US would have bailed out Evergrande.

[–] [email protected] 36 points 6 months ago (1 children)

I have pretty severe concerns about how the Chinese government operates, but this is one thing they do right.

[–] [email protected] 17 points 6 months ago (11 children)

I have pretty severe concerns about the way the American government operates.

[–] [email protected] 9 points 6 months ago* (last edited 6 months ago)

We have traded the literal genocide and opression for corporations performing economic genocide and opression on us.

But hey, aren't billionaires cool?

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[–] [email protected] 47 points 6 months ago (3 children)

Imagine living in a country where the rich are actually subject to the laws like everyone else...

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[–] [email protected] 31 points 6 months ago (7 children)

he was investigated over suspected "illegal crimes"

Are there any legal crimes you guys know of that I can try?

[–] [email protected] 15 points 6 months ago

Idk, piracy and jaywalkin'...

Then there's loitering?

[–] [email protected] 13 points 6 months ago

TFW: A writer gets paid by the word...

[–] [email protected] 4 points 6 months ago

Lobbying is just corruption with a different name.

[–] [email protected] 4 points 6 months ago (1 children)

Anything with a fine you can easily pay.

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[–] [email protected] 29 points 6 months ago

Smh first they come for the corrupt property developers

[–] [email protected] 28 points 6 months ago (1 children)

Fun fact: his last name means a 'dick' in Polish (the most vulgar version of that word).

[–] [email protected] 10 points 6 months ago

Not only in Polish. Pretty sure it's most of Eastern Europe. 🤭

[–] [email protected] 25 points 6 months ago (1 children)

Gee it sure sucks that Evergrande collapsed. What a horrible sign for the Chinese economy!

[–] [email protected] 11 points 6 months ago

Chinese do not fool around. I expect they will make an example of this guy.

[–] [email protected] 6 points 6 months ago (1 children)

Man all these bad news about Chinese property market, hopefully there isn't a collapse there as predicted.

[–] [email protected] 3 points 6 months ago (8 children)

I hope that the property market collapses and property prices go way down. Surely there are large numbers of people who would like to buy property but cannot afford it at the moment. I hope that happens in many countries.

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[–] [email protected] 5 points 6 months ago

He is fucked.. he is a dead man..

[–] [email protected] 5 points 6 months ago

Now do Ken Griffin

[–] [email protected] 4 points 6 months ago

Based. Wish that were us; we've got OODLES of real estate clowns who need to be shoved in a Brazen

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