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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "400K Depositors’ $40 Billion Gone! No Funds for Healthcare or Education – Revolt Begins!" video.
Chinese people have no morals and only worry about their own skin. Revolutions happen when the unaffected stand up for others for the good of the whole.
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I’m rather surprised that you are surprised.
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@aenaen184 Could be right or some version. CCP is treating it more like hedge fund scams like Madoff than a bank though. In the US if a "bank" had a proper license to do business and was FDIC insured, deposits would be guarantee. No US depositor has lost a dime of their deposit in modern times due to a bank failure. SIVB failed on a Friday and money was available on Monday. July 29, 2022 Authorities scrambling to contain the damage from a rural banking scandal in central China's Henan province said on Friday that more depositors will be repaid, while three regulators were put under investigation. 21 Jun 2023 China’s central bank is planning to tap into a national deposit insurance fund to repay depositors caught up in a rural banking fraud for more than a year (lol, it's obvious they are stretching it out like unfinished houses. Ignore the problem and it will go away.)
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