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NotAPacifist
South China Morning Post
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Comments by "NotAPacifist" (@NotAPacifist825) on "Victims of one of China’s worst financial scandals attacked by unidentified men in white at protest" video.
hancy wen it's not greed to seek the best rate on your deposits that's ridiculous.
14
hancy wen in the u.s. savings bank deposits are among the lowest risk investments, in part because fdic insurance covers up to $100k against loss but mostly there is a presumption that the federal government wouldn't allow such a loss outside complete economic collapse. I'm not familiar with Chinese banking but I'm surprised the socialist party wouldn't immediately make depositors whole, especially for such a small amount.
5
It's only 1.5bln. government should just replace it for their citizens. Wasn't it the governments job to regulate the bank?
1