China executes billion-dollar banker — former Huarong boss Bai Tianhui took bribes so massive they 'shocked the state'

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.

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.

specifically the president.

Or the former Governor, current Senator from Florida: https://www.miamiherald.com/news/politics-government/article288431251.html

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

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.

Sigh as the .ml user, I guess I'll be the tankie about it....

WOO! LET'S GET OUT THE POPCORN!!!

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"

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?

Trump is asking the government to pay him 230 million just for investigating him.

See that’s how you get paid. In the US they flip over for $10k and box seats to an nba game.

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

The government wasn't shocked enough apparently...

The bribe was so big EVEN THE CPC WAS SHOCKED.

Not that they were shocked anyone had taken bribes...

whichever part of the execution process they broadcasted.

They broadcast executions here? What channel?

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.

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.