15 August 2009

The Chinese Have It Right

Mark Ames is on it.

China, it seems, has put a number of millionaire investment types to death, while in the US, AIG gets another $242 million in bonuses:
China has executed two people for defrauding hundreds of investors out of millions of yuan in beauty parlour, cosmetics and property scams, crimes which the government described as a serious blow to social stability.

The two executed fraudsters, Du Yimin and Si Chaxian, “seriously damaged the country’s financial regulatory order and social stability”, the supreme people’s court ruled.
I don't support the death penalty, but throwing these guys in a very dark hole for the rest of their lives, and ensuring that every dollar they have is forfeit, would be a very good thing.

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