Comments by "bighand69" (@bighands69) on "Could Evergrande collapse topple China's economy? | DW News" video.

  1.  @yaz2928  The "The Housing and Community Development Act of 1992" by law forced the banks to make loans to those from lower socioeconomic classes. This meant that banks by law were required that 30% of their output loans had to cover debt for lower economic classes of credit. The 30% that was forced by law was so large that the banks just to meet their legal obligations had to hard sell loans to many people that could not afford them. It was the reason why a waiter in a restaurant without a good employment contract could buy a home that he or she could not afford.
    3
  2. I develop pre-sale condos but have them fully backed by bonds that I have funded with my business. In other words no matter what happens the money is there for them to be completed. I have even been generous enough to let people out of pre buys that have issues with their finances.
    2
  3. The truth is he Chinese government do not have $300 billion spare to take on such a project. If they do it for one company they then may several hundred companies needing the same backing.
    1
  4. The banks did not cause the housing crisis in the US. The government caused the problem.
    1
  5.  Yvonne Cheung  Imagine now that the whole of the chinese economy is built on this.
    1