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dnautics 3 hours ago

i looked it up and at least the evergrande ceo seems to have bern fined to the point where he had to declare bankruptcy (as of a few months ago, my information is old), so i guess he did find some justice (i think hes not very bright and was likely lied to by his underlings -- many such cases, so it is nice that the buck stopped there but the root cause was not fixed afaict)

nixon_why69 an hour ago | parent [-]

Evergrande was a credit crunch similar to Silicon Valley Bank, they were funding development of projects by selling the units before they're built, they got ahead of themselves and then a pullback in housing prices exposed them.

It sucks extra bad for the people who took out a mortgage for a home that didn't get finished, but it does seem like more of a screwup than corruption.