Blackrock Investors Losing 100s of Millions of Dollars on China’s Evergrande Fiasco

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by Chris Black

They are begging for a US style bailout. Apparently speculators and cheats who gamble and lose are entitled to government insured profits. 

Instead, the Chinese government is buying the cheap assets and nationalizing them. LOL

See also  "Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 23, when the grace period ends for its first missed bond payment."
See also  China's take-over in America's back yard: How Beijing has spent $140BILLION on ports, roads, and power plants in Latin America and the Caribbean as Cuba signs a new energy deal while US influence fades
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