• @Blue_Morpho
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    61 year ago

    A ponzi scheme is a specific type of scam. Not every mismanaged bankruptcy is a ponzi scheme.

    • @Coreidan
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      -81 year ago

      Mismanaged? ROFL you are clueless. Suck chinas dick much?

      • @[email protected]
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        41 year ago

        Dude that has nothing to do with liking or not liking China, nothing even to do with whether you think an over- vs. under-supply of housing is a better outcome. You just don’t understand what a Ponzi scheme is.

      • @Blue_Morpho
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        1 year 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.