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HKim0072
DW News
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Comments by "HKim0072" (@HKim0072) on "Protests in China: What's behind the bank scandals | DW News" video.
They don’t have property tax. That’s the issue.
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It’s why the US implemented TARP for such a large amount. Was intended part as a bailout, but also to let the public know their money was safe.
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@frankartanis1290 The proper word would be implement. The original poster had zero clue they have no annual property tax. Also, you can't own land in China.
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@seymorefact4333 Dude - are you 70? If not, shut the f up about 50 years ago.
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@freeworld88888 Hail Xi! The Supreme Leader is a God!
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@frankartanis1290 lol, that's not true. No renewals have come up and the law is specifically ambiguous.
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@michaelccozens You need to do some research on TARP. Wasn't a fan of banks getting money, so they could pay for "bets" against the CDOs. But, you have to take the bad with the good. Keeping banks afloat was critical not just now, but for the future. Part of the reason we are going through energy price spikes is that we didn't keep small refiners and drillers afloat during the pandemic. Lots of bankruptcies. Now, we are f'd because we have less refiners and a few companies controlling the market.
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