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by contravert 1036 days 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.

2 comments

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.

List of banks acquired or bankrupted during the Great Recession

https://en.m.wikipedia.org/wiki/List_of_banks_acquired_or_ba...