“It would be inappropriate for the central government to directly provide fiscal support, as it could lead to expectation of future government bail-out and therefore moral hazards,” Zhang said.
Ouch, no handouts for the financial bros...😂
https://finance.yahoo.com/news/china-rejects-1-trillion-housing-100000832.html
Yogthos /
npub1w9…yme5e
2024-08-03 05:20:57
Author Public Key
npub1w9ek5pzf5yvvs2c5g2cwcm69xk7ermh2x8y9am9xsnk0krqd0rtsdyme5ePublished at
2024-08-03 05:20:57Event JSON
{
"id": "345dda0bdd581a52987b3235b792f5b2b59cf2be5d70db4c8d65b19ded5dbaf3",
"pubkey": "71736a0449a118c82b1442b0ec6f4535bd91eeea31c85eeca684ecfb0c0d78d7",
"created_at": 1722655257,
"kind": 1,
"tags": [
[
"proxy",
"https://mas.to/users/yogthos/statuses/112895934933623796",
"activitypub"
]
],
"content": "“It would be inappropriate for the central government to directly provide fiscal support, as it could lead to expectation of future government bail-out and therefore moral hazards,” Zhang said.\n\nOuch, no handouts for the financial bros...😂\n\nhttps://finance.yahoo.com/news/china-rejects-1-trillion-housing-100000832.html",
"sig": "b6cc10b746c96d7cb1c93a1b6613f2a47f138b1a79875e44e6d580f0591ff76c452bb7495672d40c95719eb39de36bb2caaab10d15be11499d6eefbb5310ae9d"
}