The China Hustle

The big players in the financial industry are never satiated. Right after the 2008 crisis where the whole industry was bailed out by taxpayers they start a different scam. Using dirty legal tricks they manage to get billions out of "dumb money" (aka your 401/pension/savings). The regulators don't care. Nobody does due diligence. And people exposing the scam face harassment and even prision. Both in USA and China.

It's amazing how this house of cards keeps on going.

Sadly this documentary has big 2 flaws. It doesn't have enough material to fill the full length and it lacks in production.

NOTHING China does surprises me.

This documentary put a lot of people in the hot seat- as it should. The only way to beat them is to expose them. Keep up the good fight!

It's downright criminal how they robbed people. How is this not like robbing a bank?

I definitely recommend this. It should be mandatory in our schools.

Z3

An eye opening account of what is going on Globally circling the China growth story. How the American wealthy, and the President is trying to cover up one of the biggest hustles in the history of capitalism. This should be seen by everyone everywhere, even those who don't directly invest in capital markets.

This is about yet another financial scandal. It's a perfect follow-up to The Big Short. After the crash of 2008-2009, some clever guys, both Chinese and American, worked out another way to scam the markets. Some smaller banks, especially Roth Capital, which threw lavish conferences featuring entertainment by the likes of Billy Idol and Snoop Dogg, and Rodman and Renshaw, captained by the former Democratic presidential candidate Gen. Wesley Clark, pushed reverse mergers.

You've never heard of reverse mergers? Chinese companies could not be listed on the New York Stock Exchange, so they "merged" with defunct American companies which had previously been listed, and presto change-o, now Chinese companies were on the exchange. There was no penalty for making outrageous claims about the assets of their businesses, and many Americans were only too eager to buy into this new opportunity. Neither the SEC nor Congress was concerned about the fraud involved. The "heroes" of our movie investigated some of these companies in China, a dangerous matter, published their research, and shorted the companies' stock, betting that the value of their stock would fall when the truth was revealed.

The China Hustle does a good job of explaining the financial matters so that the average viewercan understand. Neither the SEC, big law firms like Loeb & Loeb, the big accounting firms, nor Congress come out looking very good in this one.

Great story potential but the direction of the documentary ran off into weird areas and kind of lost the plot. Also, the attempt to simplify the story so a 10 year old could understand it meant everything took a very long time to explain. I'm a stockmarket fanatic but I couldn't finish this one. Really disappointing as I was interested in the methods being used to monitor the Chinese companies and all I got was CCTV footage showing a lack of trucks - kind of understandable though considering that monitoring private companies in China is a jailable offence. I wanted more than just claims that capitalism is a flawed system and that Americans can be greedy, I knew all that before watching.