Question by Middle-Age-Man: Asian Investors In USA real estate In the 80′s , lost billions, are they partly responsible again?
Best answer:
Answer by Jason Popperfield
pretty much
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Posted by admin under Asian Property
no
No matter who you try to blame it is only the Greedy CEOs who indirectly loaned out money to high risk investors because of the lucrative kickbacks salespeople received and the CEOs who were on performance bonuses not Profit bonuses.
You are just clutching at straws Asians have more to lose than US citizens.
Also Companies moving their manufacturing offshore for more profit, resulting in millions of US employees losing their jobs over the past 10 years. Did you know over 240,000 Western Companies moved their businesses to China alone during this period. It doesn’t take a mathemetician to add 2+2 =5 in this case.
So US Companies and their CEOs are to blame nothing more nothing less.
I just heard the CEO of Lemans was getting over $ 400 million. As they said he was paid an exhorbatant amount when the company was doing good and still the same amount when it wasn’t.
Asian investors are not the cause of this current US Housing/ credit problem.
Banks lending to people who should never get a loan in the first place is a big part of the problem.
It’s deeper than that, but that is part of the problem.
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