Over $120 Billion Missing
Posted on | June 17, 2011 | No Comments
I don’t know how a country can lose track of a $120 Billion dollars but China has managed to do it. You can read the story here. It appears that the money was laundered by officials that then fled the country. Gee how is the us can stop drug money coming in to the United State but can’t detect these transactions? What bothers me most about this story is that I would be willing to bet that some of these ill-gotten gains have impacted real estate prices here in the United States causing regular middle class citizens to take on more debt than they needed to to purchase their home. Thanks China!
Category: China
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