- cross-posted to:
- world@lemmy.world
- worldnews@lemmy.ml
- cross-posted to:
- world@lemmy.world
- worldnews@lemmy.ml
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
My best guess is that the almost two years of can kicking this conclusion was enough for most larger investors to reposition so the bag holders are now, once again, regular people.
Only difference being that it is a large amount of Chinese citizens getting fudged, rather than US or EU citizens.
So you’re complaining that “regular people” are too stupid to move out of their positions? What the hell kinda free market do you think this is?