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CNBC breaks shocking news
(i.postimg.cc)
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this post was submitted on 03 Dec 2023
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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.
You might be a better dipshit than me.