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contravert | 2 years ago

You definitely won't see anything like this in the US: https://www.businessinsider.com/china-tells-evergrande-found...

Like in 2008, bankers made a killing selling toxic products and socialized all the losses when everything came crashing down.

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worrycue|2 years ago

Actually it's the US government that made a killing with TARP loans and acquisitions.

Bankers lost their shirts in the whole thing - having to pay interest on those TARP loans or had to sell their shares to the government to get capital to survive.