How to bankrupt your company in style
Here's the key phrase: "Exim kicked in $2.45 billion in construction loans -- with the proviso that Izmirlian could never fire the Chinese builder, no matter what..."
To any real businessman, this would have red-flagged and deep-sixed the entire project. Chinese construction is decidedly third-rate.
Of course the other elephant in the room is the Export-Import bank - which shouldn't exist in the first place as a government entity. That they would favor a certain Chinese company with these terms smacks of State Department cronyism.
To any real businessman, this would have red-flagged and deep-sixed the entire project. Chinese construction is decidedly third-rate.
Of course the other elephant in the room is the Export-Import bank - which shouldn't exist in the first place as a government entity. That they would favor a certain Chinese company with these terms smacks of State Department cronyism.
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- 3Posted by freedomforall 8 years, 3 months agoI rather enjoyed the article after that one about more people "retiring." EIther thats newspeak for "there are no jobs" or perhaps some have realized the game is rigged and are Shrugging.| Mark as read | Best of... | Permalink
