China Detains Investment Bankers, Takes Passports in Sweep
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Common prosperity means yours is mine and mine is still mine. Sounds like communism all right.
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Commie will do Commie things
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Why are people continuing to work in China? Get out and your capital
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Bloombergs reported china arrested and detains but give no details on who, what, how and cause of the arrest.
Bloombergs news is failing
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Good to see the ccp cracking down on graft.
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Crazy that bankers are being threatened like that
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B A S E D
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WON'T SOMEBODY THINK OF THE BANKERS??!!
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schadenfreude
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Communism
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The Chinese are digging their own graves. Nobody is going to want to do business there or do business with them
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Money launderer detected by CCP!😂
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LMAO I guess they decided they needed some contrived distraction for their unmatched, formidable & renowned army of international money-launderers !!
Well done, Party 🤡s!! 😆 👏
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Their crime was not investing in China
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scary~~ haha, you know what you have done
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Communism and capitalism never mix well.
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So, China does a crackdown and Bloomberg reports Western investors shrug.
Bloomberg, collectively you have no soul -
Poor Bankers I'm sure they were choir angels doing their homework and visiting their grandma.
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Don't break laws.
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In the West, crooked bankers are above the law.
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In the US, thieving bankers are protected. It doesn't matter what the crime is. They have full immunity of the law. In China, corrupt bankers are arrested, jailed or executed. That's the difference between China and the rest. Zero tolerance!
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Its Bloomberg nonsense news again !
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From what I gather online, China initiated a large crackdown on banks and insurer due to corruption within the industry. It appears some of these arrest are due to bribing, hiding money overseas, even bad mouthing Xi.
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tthe male host looks so alike the mayor of Vancouver (Ken Sim) in BC, Canada.
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i am wondering why those guys speaking in the video still having their jobs in HK
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You mean the Chinese government actually investigates bankers committing crimes instead of taking money from them like in the US?
Sounds good.
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If that happens in the US it's "National Security" but in China it's bad.
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Honest question. How bad is this compared to when industry heads have to appear before the US Congress? For example, I recall Senator Warren wasn't too kind with Chase CEO Dimon and Senator Cotton was pretty harsh on TikTok CEO Chew.
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2:40 minutes in … they admit possible reasons as malfeasance. It's a crackdown.
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😂😂😂😂
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Merely another nonsense from Bloomberg. No banker has been detained in China.
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CHINA IS NOT GOING TO PUT UP CASINO CAPITALISM. THEY ARE DONE WITH EXPERIMENTAL WESTERN STYLE SPECULATION, BOBBLES AND BOOMS AND BURST CIRCLES. THIS IS WHY THE ARE ALLOWING THEIR REAL ESTATE SECTOR TO SELF IMPLODE SO EVERYONE IN CHINA CAN AFFORD TO BUY A HOME.THEY BELIEVE EVER CHINESE CITIZEN SHOULD ENJOY THEIR NATIONS PROSPERITY NOT ONLY THE RICH. THIS IS WHAT A RESPONSIBLE GOVERNMENT DOES.
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