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| 12/25 |
| 2004/9/14-15 [Politics/Foreign/Asia/China] UID:33529 Activity:high |
9/14 http://tinyurl.com/4gvhg And you thought the US was bad China executes 4 for bank fraud \_ So? There are a lot of people here that I think should get executed. Go China! One less scumbag to worry about. \_ Execute the Enron guys! \_ Scumbags needs to be executed, just like all those fuckers in Oakland that shots people on the street. Before you start loud mouthing about China executing people, I challenge you to go to ANY major city in the US at the middle of the night, and then do the same in China. \_ Don't be absurd -- I've been out at the wee hours in many us cities and have never been shot at or mugged. I'm sorry Mr Chicom Troll, but your hatred of the us hasn't made our urban areas into war zones. \_ yea, we know kokomo, indiana is safe at night. \_ And that's relevant, how? -4 hp for poor reading comprehension and analytical skills, grasshopper. Train harder. \_ NOOO! It's INT, not HP!!! \_ The point isn't to make him stupider; it's about cleaning up the genepool. \_ He's already got a low enough INT. \_ while the challenge is kind of dumb, the poster does make a point. \_ No he doesn't. He creates a strawman with a specious example applied with no context. \_ is the INT low enough that he's a moron, an imbecile, or an idiot? \_ Yes. \_ I am not afraid to go out at night, I have my AK47 now!! \_ I accept the challenge. I was in Beijing one night and a cab driver tried to take advantage of my gf and I by driving through unbelievably sketchy, unpaved back alleys. Only when he realized I was about to hit him in the back of the head did he "suddenly" find a major road and we got out. \_ yea, my beijing ex-roommate and best buddy says beijing is pretty bad these days. otoh, stealing people's money is bad, and without a safety net like in the US, poverty can make life very difficult or even impossible. \_ What's wrong for taking a short cut? \_ nothing wrong with the cabbies in Beijing, unless you are from shanghai... I'm in Beijing now - have been here several times - never had an issue with the drivers. Had one start chatting to me about Taiwan and all, but nothing offensive. Perhaps it would behoove you to carry a map of Beijing and learn a tad of mandarin next time you come? |
| 12/25 |
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| tinyurl.com/4gvhg -> money.cnn.com/2004/09/14/news/international/china_banks.reut/index.htm?cnn=yes International graphic China executes bank staff for fraud Part of Beijing's intense crackdown on white-collar crime ahead of IPOs, state-owned agency says. September 14, 2004: 12:58 PM EDT BEIJING (Reuters) - China executed four people, including employees of two of its Big Four state-owned banks, for fraud totaling $15 million, the state Xinhua news agency said Tuesday. The executions occurred in the midst a high-profile government campaign against financial crime. They followed a string of arrests in white-collar crime as China prepares to sell shares publicly in its big banks. The latest cases involved China Construction Bank, due to raise up to $10 billion in an IPO next year; and Bank of China, which is moving towards an IPO worth up to $4 billion. Another Construction Bank employee, Wang Xiang, was executed for taking 20 million yuan from the bank in an unrelated case. Liang Shihan, an official at the Bank of China's branch in the southern city of Zhuhai, was executed for helping cheat his bank out of $103 million, Xinhua said. China, which executes more criminals than the rest of the world combined, usually puts inmates to death with a gunshot to the back of the head but has recently experimented with lethal injections. The debt-laden state-owned banks have been involved in other fraud scandals as Beijing tries to clean them up ahead of 2007, when the sector begins to privatize and opens fully to foreign rivals as part of pledges made to the World Trade Organization. In February, China arrested Liu Jinbao, former chief of the Bank of China's Hong Kong branch, for corruption. Last December, Wang Xuebing, former head of the Construction Bank, was sentenced to 12 years in prison for taking bribes. The government injected a combined $45 billion into the Construction Bank and Bank of China last year as part of a pilot scheme to reform the sector and prepare for the IPOs. The precise number of people executed for all crimes in China is a state secret. Reports range from 5,000 to 10,000 a year, many for murder, but they have also been killed for corruption and crimes as minor as bottom-pinching. Legal experts have proposed what they call a "kill fewer, kill carefully" policy for nonviolent crimes. |