The "Second Financial Reform" Scandal: Financial Looting Disguised as Reform, Unveiling First Family's Solicitation of "Protection Fees"

In late 2004, the Chen Shui-bian government forcefully pushed for the "Second Financial Reform," aiming to halve the number of state-controlled banks through mergers. However, this process was exposed for massive government-business collusion and interest transfer. It was later revealed by the judiciary that multiple financial groups had "donated" hundreds of millions of NT dollars to the Chen family to obtain government support for their merger projects. This case turned national financial assets into bargaining chips for the First Family to solicit bribes, causing serious loss of state assets and severely damaging the fairness of the financial market.