this is a very bad time to get on the forbes list :0)
additional notes re bail-in / out comparatives
(1) china stock market index can go to zero today, and while news worthy, only few would suffer much via direct impact
(i) the bail-in / bail-out solution in the west is actioning differently, given the rule-by-making-up-rules, courts, and such, and the instant feedback to the stock market where splash damage can lead to intended but dire consequences as all are de facto bailed-in
(ii) so the western bail-in / bail-out must be by quantitative this and fiat inflation that, even as the bailed-out are rich to begin with and the bailed-in are un-rich from the get-go
(iii) additional difference between china’s bail-out vs western bail-in, that
china bail-out is a profit-making exercise, whereby the new officialdom tees up the old elite, redistribution of goodies once stolen, that which cannot be termed ‘stolen again’, and the underlying assets are mostly good, can be touched and felt and … golly … actually used
the western bail-out is merely to fill a banking / derivatives blackhole, that in reality bails-in the ‘everyone else’
china bailout / bail-in would be popular
western bail-in / bailout not as popular |
