WHY EVERGRANDE WILL BE WORSE THAN LEHMAN + AMC UPDATE ๐ฅ โ AMC Stock Short Squeeze Update
1,056Evergrande WILL be worse than Lehman, when Lehman went under their asset position was larger than their liability position, this is not the case for Evergrande.
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Links;
https://twitter.com/AlexCutler247/status/1440412394681896967
https://www.reddit.com/r/amcstock/comments/pshy6a/two_debts_one_company_or_a_tale_of_two_defaults/
In addition, the Chinese Government will not bail out the bondholder debt, any potential bailout will be for the investors that lost homes and the suppliers with massive outstanding liabilities, to keep the nation sane and to stop executives from being kidnapped.
Michael Burry also cryptically tweeted a reference to the big short film, at the 1 hour 35 second mark, where a bank goes bankrupt and Jamie Shipley says 'its starting'. Michael Burry then promptly deleted his twitter account.
Nancy Pelosi also bought $1m of puts on China before Evergrande announced possible bankruptcy, if that isn't insider trading then I dont know what is!
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