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Thomas Rogers
Bloomberg Television
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Comments by "Thomas Rogers" (@thomasrogers9146) on "China's Crackdown on ‘Hedonistic’ Bankers Fuels Industry Brain Drain" video.
western investors are angry that the chinese government refuses to bail out western investors. The chinese warned them about over leverage in their real estate sector. They did not listing. cleaing out corruption is great.
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China does not need western investment in their economy. China has a trade surplus of 1 trillion dollars a year and 18 trillion in domestic savings. A government debt of 12.5 trillion and gdp growth of 5.2%. The chinese do not need our money.
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As we watch the collapse of America,s commercial real estate sector almost 20 years after the 2008 financial collapse, its insane that bloomerg hires Asian to critize China for cracking down on bank frauds and unethical banking practices. America bails out its failed banks and china punushes failed bankers and that is Bad thing?
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