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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF (finance.yahoo.com)

submitted 3 months ago by [email protected] to c/[email protected]

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“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...😂

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[–] [email protected] 0 points 3 months ago* (last edited 3 months ago)

The IMF will give advice whether you ask for it or not. Then all you have to do is the exact opposite and you'll likely be voted in forever with high public support.

Edit: I see @[email protected] got there before me lol