Skip to comments.Fed clears China's first US bank takeover
Posted on 05/09/2012 3:33:39 PM PDT by GeorgeWashingtonsGhost
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“The broad expansion of China’s footprint in the US market comes amid a series of financial reforms in China that could begin to open the lucrative market to US firms.”
Keep an eye on that key word “begin” after 30 years china is always just beginning to open up. They almost never quite get there, we lose trillions of dollars waiting for them to play fair, they never quite do.
China doesn’t play fair, they just bait and wait. and Washington lets them.
Melamine is PEOPLE!!!
Another destructive action by our first historic destroy America president.
China will undercut US banks on all levels.
Then they could buy up mortgages to clean up the balance sheets of US owned and run banks.
Off the balance sheets and looking good.
Think of that. US Mortgages owned by the Chicoms. I’m sure they will be very understanding on loans that are behind.
FREEREPUBLIC SHOULD PICKET THESE COMMUNIST SLAVE LABOR BANKS NATIONWIDE!!!!! LETS DO THIS.
It reminds me of something Madison wrote in the Federalist Papers, about how the Greek cities lost their freedom when they allowed Philip of Macedon to take a seat in their league of city-states .... whereby he became instantly the hegemon of Greece.
They spent over 2100 years in slavery.