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Jaaja Post time: 2018-9-17 20:44
There is barely even 30 years of history of that experiment, and China continues to need reforms ...
re: "Globally we have much longer history of success by various nations by capitalism, with varying degrees of socialist constraints."
Indeed, you got a good point there. Goldman Sachs is facing one of the most significant scandals in its history, a multi billion-dollar international fraud...
US justice department charges former Goldman bankers in 1MDB on charges of conspiracy to launder billions of dollars in illegal proceeds from Malaysia's 1MDB wealth fund...
An former top Goldman banker in Asia who led Goldman Sachs' bond offerings for the fund, pleaded guilty to conspiring to launder money and to violating the Foreign Corrupt Practices Act by paying bribes to Malaysian and Abu Dhabi officials and circumventing Goldman's internal accounting controls, according to prosecutors. He has been ordered to forfeit US$43.7 million...
Goldman Sachs arranged bond offerings that helped the fund raise over US$6 billion, much of which, according to the international authorities, was squirrelled away in private accounts and used to buy yachts, paintings and high-end real estate.
An estimated US$4.5 billion was misappropriated from 1MDB Malaysian fund...
An US court has allowed the sale of a private jet bought with money taken from 1MDB, court filings show. Earlier this week, Malaysia put up for auction the Equanimity, a US$250 million luxury yacht, also allegedly bought with 1MDB funds...