[maxsanic]

I thought KMT's bankruptcy was due to the DPP government freezing its assets? That was a few years back. I had not followed Taiwan politics for more than a decade so not sure what happen since.

Yep, they lost the election to DPP with an atrocious approval rating under Ma, got whacked and did not / could not counterattack by mobilizing masses on the ground. End result - kaput. The blues don't dare to do anything, say anything or fight for anything. About all they do is seize on little tit bits of issues just like this Tsai PhD which the general Taiwanese are not interested and go into self-fantasy mode that Tsai / DPP downfall is eminent. 

The funny thing is even the mainlanders look at them with disdain as a bunch of consters trying to play both ends and get scraps of benefits from both sides. Yet these blue old uncles / aunties act like they are very important to China. The few respectable blue people left like Chang and Hung have all been sidelined and can exert little influence.