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TommyJ
Patrick Boyle
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Comments by "TommyJ" (@ImperiumLibertas) on "Protests In China: The Story Behind the Bank Scandals" video.
Nearly the entire local government economy relies on these large developers purchasing land. If those developers go bust so do the local governments. They'll never let the developers go bust, they'd rather shift the debt to the federal government or whatever the equivalent is in China.
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