this post was submitted on 03 Feb 2024
297 points (97.4% liked)

World News

39100 readers
4177 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

A Hong Kong court ordered the liquidation of China Evergrande, the world's most indebted property developer.

Evergrande has assets of about $245 billion, but owes about $300 billion.

Its demise is a "controlled collapse," but still raises systemic risk and will hurt investors, says an analyst.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 32 points 9 months ago (4 children)

and will hurt investors

breaks out world’s tiniest violin

Investors can go suck it, I’m in the corner of the working class.

[–] trolololol 5 points 9 months ago

Even here the system will be rigged in favor of big investors vs small investors vs people who bought an asset and will get squat. Because working class who gave them money upfront to purchase an appt or house will be the last one in the collectors queue.

But your response is accurate to the "claim" that investors will be hurt. Media is so messed up that they don't even mention the customers that will get the worse impact than investors.

[–] [email protected] 3 points 9 months ago

I don't think you quite understand that in this case, it's millions upon millions of working and middle class people who put most of their life's savings into this.

[–] CaptainProton 2 points 9 months ago

That's literally what the return on all the other investment is for: the assumption of risk.

I guess it's the same shift in mentality as the credit card processing machine asking for a tip for everything by default.

[–] [email protected] 0 points 9 months ago

So you're in the corner of the working class, and playing the tiniest violin at their suffering?

Are you sure you just an awful person, or do you not read?