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CNBC breaks shocking news (i.postimg.cc)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 10 months ago* (last edited 10 months ago)

When Lehman Brothers went bankrupt in 2008 because of the sub prime mortgage collapse, that wasn't a ponzi scheme either.

Call it outright fraud, I don't care. Fuck China. Taking out loans to buy real estate that go down in value isn't a ponzi scheme.