Originally Posted by
Paul852
So, to cut to the chase, did you get away with shafting the people you owed money to in HK, or did you have to pay up in the end?
Lol.....it's a two way street.
I have little sympathy for people who get in over their heads borrowing.
I have even less sympathy for people who lend money poorly. Or come up with 'easy finance' stuff charging huge interest rates (or a convoluted system which balloons the interest later) with little real collateral or security involved. Enablers of bad behavior and if they get stiffed I put it pretty deeply into the 'had it coming' category. FWIW this is routinely done on a masters degree level with currency manipulation, hedges, CDOs, you name it. So I see little shame (and possibly some benefit) in the walk away principle for those kinds of folks.