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08-11-2018, 02:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Shareholders of Bank of Zigong in Sichuan Province absconded with 40 billion yuan ($5.78 billion), through loans issued to shell companies that they had created, according to a Nov. 2 post in a Chinese social-media account, and a report by Da Zhong, a state-run news website. The loans were long overdue, resulting in huge losses for the bank.
Even though the post was deleted within 20 minutes by internet censors, the news spread like wildfire and scores of bank customers rushed to dozens...
Day 1 of Bank Run (https://www.sammyboy.com/threads/day-1-of-bank-run.261019/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/day-1-of-bank-run.261019/).
Shareholders of Bank of Zigong in Sichuan Province absconded with 40 billion yuan ($5.78 billion), through loans issued to shell companies that they had created, according to a Nov. 2 post in a Chinese social-media account, and a report by Da Zhong, a state-run news website. The loans were long overdue, resulting in huge losses for the bank.
Even though the post was deleted within 20 minutes by internet censors, the news spread like wildfire and scores of bank customers rushed to dozens...
Day 1 of Bank Run (https://www.sammyboy.com/threads/day-1-of-bank-run.261019/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/day-1-of-bank-run.261019/).