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[–] 31 points 11 months ago (2 children)

If this happened in the United States, Donald Trump would have pardoned him.

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  • [–] [S] 32 points 11 months ago (1 child)

    In the U.S. nothing would have happened in the first place. Bankers and the wealthy are above the law in the US.

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  • [–] 30 points 11 months ago (6 children)

    Not to get all tankie here.... but executing corrupt bankers? America could learn a thing.

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  • [–] 9 points 11 months ago

    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.

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  • [–] 7 points 11 months ago (1 child)

    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"

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  • [–] 2 points 11 months ago* (1 child)

    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?

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  • [–] 1 point 11 months ago

    States are killing people all the time, as are billionaires and corporations. I've got problems with the death penalty in practice too, but I'm not giving a single fuck about something like this.

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  • [–] 101 points 11 months ago* (last edited 11 months ago) (10 children)

    Here in the states taking large bribes just means you are a republican, specifically the president.

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  • [–] 28 points 11 months ago (3 children)

    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.

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  • [–] 2 points 11 months ago (2 children)

    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.

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  • [–] 51 points 11 months ago (4 children)

    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.

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  • [–] 26 points 11 months ago (2 children)

    He took 1.1 billion yuan equal to 156 million dollars

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  • [–] 21 points 11 months ago

    Say what you want about China but can you imagine if the US held billionaires accountable even without the death penalty?

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  • [–] 15 points 11 months ago

    Any chance the USA could get a little bit of this justice?

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  • [–] 15 points 11 months ago (1 child)
  • [–] 30 points 11 months ago

    Finally some uplifting news

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  • [–] 24 points 11 months ago (5 children)

    This is an area where the U.S. could learn a lot from China come 2029.

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  • [–] -2 points 11 months ago (4 children)

    That shakedowns and show trials can serve as a substitute for rule of law?

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  • [–] 7 points 11 months ago

    I think in the long term this kind of thing puts China ahead of the US

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  • [–] 17 points 11 months ago* (last edited 11 months ago) (7 children)

    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.

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  • [–] 10 points 11 months ago (2 children)

    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.

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  • [–] 5 points 11 months ago* (last edited 11 months ago) (1 child)

    There's public data independently gathered by western sources on this. Like this from Harvard. You could even see the numbers on corruption shift over time.

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  • [–] 6 points 11 months ago

    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.

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  • [–] 2 points 11 months ago (2 children)

    I don't think you're allowed to have low confidence in the government there.

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  • [–] 7 points 11 months ago (2 children)

    Someone didn't get their cut.

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  • [–] 3 points 11 months ago (1 child)

    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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