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The Power of Nothing to Lose
Bloomberg named me one of the 50 most influential in global finance along with central bankers like Ben Bernanke and Christine Lagarde so it was like winning the lottery. China is not unique among EMs and FM's for having a high level of fraud okay that's kind of the nature of an EM or FM especiallyso they have weak rules of law and and a lot of corruption a lot of fraud theft etc. What makes China unique though is that right around the time the dot-com bubble burst in 2001 China was admitted to the World Trade Organization which had gone on huge hiring binges acquisition binges because you know their models were showing hey we're going to grow our revenue forever but came crashing