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With Chinese stocks in free fall, it was only a matter of time before Hayman Capital founder Kyle Bass - one of Wall Street's most vocal critics - showed up to say 'I told you so'.
And so, with Chinese stocks in free fall, Bass appeared for an interview with CNBC on Tuesday to warn that it's "impossible to discount" all the risks associated with investing in Chinese companies. Because now those risks aren't limited to corporate malfeasance (like what happened with Luckin Coffee) but investors are now shouldering political risks that are "impossible to discount", Bass said. Since Didi doesn't have any assets in the US, ultimately, it will be the fund managers who decided to invest in the company who will likely face the legal repercussions. After all, they should have known better.
"Even Stevie Wonder could see what's going on...it's easy to see, once you understand the fundamental ideology of China, all of the things that are happening today are impossible to discount, they're easy to see coming. Chinese companies won't submit themselves to audits...now you have to pay Xi Jinping risk. How can you pay a multiple...will all that risk in front of you. This is going to be a panacea for lawyers when they start bringing lawsuits against fund managers...there is no defense for a fiduciary who invests in China today," Bass warned...
To read more visit Zero Hedge.
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The corporate powers and their enablers/investors already knew the chicom virus, vaxx, and "delta variant" is one massive joke and fraud.
It's Time for the U.S. Inspector General to Perform Forensic Audits of Anthony Fauci and the Agencies He Controls
What is Fauci's fascination with partnering with China—our mortal enemy? And why are we still taking medical advice from this traitor?
Follow the Money: Fauci’s Agency Dumped Millions into Chinese Entities to Study Infectious Diseases Since 2012, Federal Data Shows
• The National Institutes of Health has doled out nearly $46 million in taxpayer funds to 100 Chinese institutions in the form of subgrants since fiscal year 2012, federal data shows.
• 27 of the Chinese organizations, including the Wuhan Institute of Virology, received funds from Dr. Anthony Fauci’s NIH subagency to perform research on infectious diseases, the data shows.
• One of the subgrants from Fauci’s subagency to a Chinese government-owned institution explicitly states that the U.S. will only receive taxpayer-funded research data upon approval by Chinese government authorities.
• A bipartisan group of senators wrote a letter to President Joe Biden on Tuesday questioning why the U.S. is funding research in a country that has violated international health regulations, has stonewalled inquiries into the origin of COVID-19 and that may be in violation of the Biological Weapons Convention.
https://www.bizpacreview.com/2021/07/29/faucis-agency-dumped-millions-into-chinese-entities-to-study-infectious-diseases-since-2012-federal-data-shows-1110242/