Any hope for Evergrande Recovery?
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Business Strategist, Super Joe Pardo answers the question of if there is any hope for Evergrande to recover?
4 Comments
I got to disagree we should have not bailed out the banks in 2008.
It likely was the easiest and quickest path to prop it up. But with that said, people should’ve been held accountable. Have you watched Inside Lehman Brothers documentary? They were doing super scary stuff to their employees who called them out on their loaning practices.
How do you see it would’ve worked out better?
I appreciate you watching and commenting as always stupidminotaur!
@Super Joe Pardo in the 1980’s-1990’s the fed didn’t bail out the savings and loans. They listened to thier regulator and lost a ton of money thier regulator wanted them to fail. After the first failing of 10k sal went to 5.5k the regs then went to these mom and pop business and order/told them we want you to buy the bad assets of those that were scam’s and we will cover the costs/losses a couple months go by they took back Thier word and of the 5.5k mom and Pop only 1k survived. They are plenty of 2nd tier banks that would/could take over there spots some would but a whole lot more if we let them fail.
@Joe Pardo in the 1980’s-1990’s the fed didn’t bail out the savings and loans. They listened to thier regulator and lost a ton of money thier regulator wanted them to fail. After the first failing of 10k sal went to 5.5k the regs then went to these mom and pop business and order/told them we want you to buy the bad assets of those that were scam’s and we will cover the costs/losses a couple months go by they took back Thier word and of the 5.5k mom and Pop only 1k survived. They are plenty of 2nd tier banks that would/could take over there spots some would but a whole lot more if we let them fail.