Beware the Chinese bearing gold
Posted: July 10th, 2020, 5:29 pm
I did wonder momentarily whether this might date from April Fool's Day, but no, it's apprently true - https://www.proactiveinvestors.co.uk/co ... 23928.html
The most incredible aspect of this is that none of the institutional lenders even bothered to check what security they were actually receiving for their $2bn loan. Or question why a $6m company could offer security for $2bn.
The lenders fully deserve their fate, but despite the writer’s right on comments it’s yet another illustration of what a corrupt crock of sh*t China is.
The most incredible aspect of this is that none of the institutional lenders even bothered to check what security they were actually receiving for their $2bn loan. Or question why a $6m company could offer security for $2bn.
The lenders fully deserve their fate, but despite the writer’s right on comments it’s yet another illustration of what a corrupt crock of sh*t China is.