James48843
TSP Talk Royalty
- Reaction score
- 906
If you have not yet heard about this- it’s going to be the next major problem in China.
China doesn’t have good regulation of banks, and no FDIC insurance. Right now multiple banks are unable to give depositors access to their money- the accounts are all frozen. Fraud and corruption is believed to be part of it. Thousands are protesting- avenue the Chinese government is arresting those protesting.
This is going to get much much worse, soon.
More: https://www.scmp.com/news/china/pol...roup-attacks-protesters-china-banking-scandal
Sent from my iPhone using TSP Talk Forums
China doesn’t have good regulation of banks, and no FDIC insurance. Right now multiple banks are unable to give depositors access to their money- the accounts are all frozen. Fraud and corruption is believed to be part of it. Thousands are protesting- avenue the Chinese government is arresting those protesting.
This is going to get much much worse, soon.
More: https://www.scmp.com/news/china/pol...roup-attacks-protesters-china-banking-scandal
Sent from my iPhone using TSP Talk Forums
