China's Dirty Little Secret

Just goes to show you that as stupid as capitalists can be risking other people's money, communists are worse.
 
If our bubble doesn't finish off the world, china is headed down a path that surely will. i always laughed at the environmentalists that praise china for its clean energy innovation. as usual, they have no clue what is going on. china is going to have to take over the world to supply enough energy for their people.
 
Centralized governmnet command econonomy meeting dictated GDP quotas by building 70,000,000 surplus apartment/condos/homes. Sounds like what the socialists have done here with Fannie and Freddie.
 

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