If this happened in the United States, Donald Trump would have pardoned him.
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Not to get all tankie here.... but executing corrupt bankers? America could learn a thing.
Biggest mistake of 2008 was not holding people accountable. Second biggest mistake was bailing out the banks.
The government should have enforced collective bargaining to keep people in their homes, and cap ARMs at 3% APR, and make the maximum payment of a mortgage no more that 25% of the owners annual income, and capped the term length at 30 years. Bank's can't make money on those terms? Fuck'em. We should care more about people being able to live in their houses than we should care about a billion dollar business' bottom line. Investing comes with risk, accept the risk that if you build a system that topples the economy and forces people out of homes due to predatory loans, that you might lose some profit.
I am an anarchist, but I find myself saying that more and more lately. Some people got more conservative as they age, I wonder if Gen Z might get more tankie as they age and be like "Fuck it, let the communists do what they gotta do"
Sigh as the .ml user, I guess I'll be the tankie about it....
WOO! LET'S GET OUT THE POPCORN!!!
While I do think the rich need much more consistent and aggressive punishments for their crimes... I am still not a fan of the state killing people. Especially when they themselves are often corrupt.
What's to say they just want to do something like this to insert their nephew as new head of said bank etc?
Here in the states taking large bribes just means you are a republican, specifically the president.
Gonna have to check you on that one, pal. Bribes are baked into the system in the form of campaign contributions. Special interest money, PAC money, etc., are legal bribes.
Trump just pardoned Texas Democrat Henry Cuellar this week - he took bribes. Susan Rubio of California was accused it, and it's understood Newsom turned his head after the PG&E fires...
Fuck this government. It's designed for bribery, GOP or Dem.
I specifically said large bribes, like to build a new wing on their temporary home, not that small bribes are okay. But any politician taking bribes should be held accountable. And PACs should be illegal.
Democrat. Large.
Lets not pretend the republicans are the only millionaires in congress. There's a reason neither side bans congress from owning stock when they're in power.
specifically the president.
Or the former Governor, current Senator from Florida: https://www.miamiherald.com/news/politics-government/article288431251.html
He took 1.1 billion yuan equal to 156 million dollars
Say what you want about China but can you imagine if the US held billionaires accountable even without the death penalty?
What about the bribers?
This is an area where the U.S. could learn a lot from China come 2029.
That shakedowns and show trials can serve as a substitute for rule of law?
And then people wonder why the Chinese have very high confidence in their government. Even if they only do this to the most brazen, that still builds an image of a government working for its people. It also sends the message that corruption has limits to the would-be corruptees.
I don't think it's as much of confidence as it is fear. CCP is not really known for its transparency.
This guy got a public execution, average citizens might just disappear.
And then people wonder why the Chinese have very high confidence in their government.
Yeah, nothing to do with total government control of the media...
The CCP is rotten to the core. What we're seeing here is that someone was caught not playing the corruption game according to the CCP's rules.
I don't think you're allowed to have low confidence in the government there.
Its true, one time I was critical of a government policy, and President Xi immediately burst into the room and shot me, livestreaming it the whole time.
Someone didn't get their cut.
One of the rules of the CCP is they have to show the people that they bring value to the nation to justify their rule. Destabilizing the economy with corruption has been recognized as a serious threat to the CCP.

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