Berkshire’s Charlie Munger says China right to clip Jack Ma’s wings — Reuters

Summary:
The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China's book and "step in preemptively to stop speculation". Read more at:https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstI said the same when they did it. They obviously learned from the failures of the US in this regard that led to a global financial crisis and threatened depression in response to which the US ensuring US legislation and regulation was weak and misdirected, so the issues largely remain. As Sen. Dick Durbin said, The bankers control this place (Congress).

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